Date: 28 October 2022 (Friday)
Time: 9:00am – 12:30pm
Mode: Physical
Venue: International Engineering Centre (IntEC)
Location: https://goo.gl/maps/bTVvS5R7gojd7Bxp6
Speaker: Ir. Yau Chau Fong, Ir. Chen Harn Shean
CPD Hours: Applied
Ref. No.: Applied
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.
The ASEAN Engineering Register (AER) is embarking on its membership awareness programme as well as sharing session on how AER able to create mobility of engineers in ASEAN region.
As part of our efforts to promote this activity, the ASEAN Engineering Register Commission (AERC) led by the AER Headcommissioner, Ir. Yau Chau Fong created the AER Roadshow Series to share the benefits of being an ASEAN Engineer.
To continue this initiative in Malaysia, IEM-AER NMC headed by Country Registrar, Ir. Chen Harn Shean has organised several IEM-AER Branch Roadshows with IEM Branches started in Penang and Sabah.
The roadshow will be an half day programme that covers the following topics
1. Introduction to AER : Membership and Benefits
2. Outreaching Future Engineering Mobility ASEAN and beyond
3. Business Opportunities and Trade Facilitation in ASEAN – MATRADE
4. ASEAN Business Chat for Engineering: Sharing of Experience
Fees:
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.
FREE FOR ALL
*Limited to 50 pax on a First Come First Serve basis.*
Registration:
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*Please refer to the Flyer for further details.
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