Date: 15 - 16 June 2021 (Tuesday-Wednesday)
Time: 8.00am– 5.00pm
Venue: Microsoft Teams (Live Online Session)
Total CPD/PDP: 14 hours
Event synopsis:
Payment disputes in the construction industry have become a common problem in Malaysia and in most countries, especially
in developing countries. About 50% of Malaysia construction projects experience Under Payment, Late Payment and/or Non-
Payment issues which causes complication to the projects to the extent that some of the projects are abandoned wherein
innocent third-party purchasers become victims of delayed and abandoned projects.
One of the main elements for the complication is the client’s inadequate finance or main contractor’s poor cash flows for the
project. The amount of money involved in construction industry is enormous and when payments from the clients are
delayed, most of the contractors/sub-contractor would not be able to bear the heavy day to day construction expenses by
themselves which includes the cost of material, labour and other necessary day to day expenses. The issue of payment
dispute would eventually result in time over-run, cost over-run and total abandonment of the project.
Therefore, the construction payment dispute requires to be dealt with at worst, a cheaper, quicker, simpler, legal binding and
enforceable resolution enabled by an adjudication proceeding, which is what The Construction Industry Payment and
Adjudication Act (CIPAA) has specially drafted to resolve the issues with provisions such as PROHIBITION of Conditional
Payment, to STREAMLINE payment procedures and provide REMEDIES for the recovery of payment.
The Construction Industry Payment and Adjudication Act (CIPAA) 2012 has come into operation with effect since 15 April
2014. The talk will cover the definition and key features of CIPAA, construction culture and payment risks, as well as the
adjudication process under CIPAA. In addition, identification of construction payment problems, their impact and resolution
and how to conduct payment recovery through CIPAA proceeding will also be discussed during the talk.
Payments are an integral and important part in the sustainability of the construction industry. All construction-related activities and the success of a project is contingent on a 'healthy' and consistent disbursement of payment system. Nevertheless, there are numerous disputes and issues be it practical and legal with regards to payments.
Therefore, it is necessary and important for practitioners in the construction industry including Clients, Consultants, Contractors, Sub- contractors, Suppliers and so on to equip themselves with relevant construction contract knowledge in administering and managing payment issues in a prudent way to avoid disputes from occurring and subsequently causing projects to be affected. Furthermore, industry practitioners should keep a brace on the current legal and contractual issues with regards to payments to govern their construction contract the best way possible.
Accordingly, it is the objective of this course to:
- Provide knowledge and understanding on legal and contractual provisions with regards to interim payments, variations, material on site, final account and so on;
- Discuss and answer practical, important and Frequently Asked Questions on issues relating to payments with specific reference to PWD203/203A (Rev 1/2010) Standard Form of Contract; and
- Open Q & A session to address the latest issues on payments faced by construction industry practitioners
FEES
IEM Member: RM 300.00 per pax
IEM Non-member: RM 450.00 per pax
MEETING LINK WILL BE SENT TO THE PARTICIPANTS VIA EMAIL ONCE REGISTRATION AND PAYMENT HAVE BEEN CONFIRMED.
ALL REGISTRATION FEES MUST BE FULLY PAID BEFORE COMMENCEMENT OF THIS TALK. GOVERNMENT AGENCIES AND STATUTORY BODIES ARE REQUIRED TO PROVIDE LOCAL ORDERS. IEM SARAWAK BRANCH RESERVES TO REFUSE ENTRY FOR PARTICIPANT(S) WHO HAVE NOT PAID THEIR REGISTRATION FEES TO ATTEND THIS TALK. THIS REQUIREMENT WILL BE STRICTLY ENFORCED.Nevertheless, there are numerous disputes and issues be it practical and legal with regards to payments.
Click to register, or scan QR code below.
*Please refer to the Flyer for further details.
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