Date: 21 August 2021 (Saturday)
Time: 9:30am– 12:00pm
Mode: Online
Venue: Microsoft Teams
Speaker: Ir. Marcus Jong Ching Joo
CPD Hours: 2.5 hours
Ref. No.: IEM21/SWAK/285/T(w)
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.
Geosynthetics was introduced to the construction industry since the 1970s and has now become the third largest construction material after concrete and steel. The rapid demand and acceptance of geosynthetics for its versatile solutions in the industry is applied in various civil engineering disciplines – geotechnical, hydraulic, environmental, transportation and more. While it is important for engineers to understand the design philosophy of geosynthetics, it is also essential to have in depth fundamental knowledge to ensure practical and effective solutions are derived. Having 10 years of regional working experience with a global geosynthetics manufacturer, the speaker is delighted to share his expertise and experiences in geosynthetics.
FEES
IEM Member: RM 20.00 per pax
IEM Non-member: RM 30.00 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 activity. Government agencies and Statutory Bodies are required to provide Local Orders. IEM Sarawak Branch reserves the rights to refuse participation of registrant(s) who have not paid their registration fees to attend this activity. THIS REQUIREMENT WILL BE STRICTLY ENFORCED.
All fees shall be paid via Online Transfer or Cheque Issuance to:
Account Name: THE INSTITUTION OF ENGINEERS MALAYSIA
Bank: Standard Chartered Bank Malaysia
Account No.: 420-1-5651-8528
Click here to register, or scan the QR code below:
*Please refer to the Flyer for further details.
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