Date: 01 November 2022 (Tuesday)
Time: 8:00am – 1:00pm
Mode: Physical
Venue: University of Technology Sarawak (UTS), Sibu
Location: https://goo.gl/maps/1eYEQQbBFUQyWVqx9
Speaker: Ir. Vincent Tang Chok Khing
CPD Hours: 4.5
Ref. No.: IEM22/SWAK/126/S (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.
A project management framework consists of the processes, tasks, and tools used to take a project from start to finish. It encompasses all the critical components required for Initiation, Planning, Meeting & Reporting requirements of the projects, QAQC/HSE, Project Management Tool, Intervention Tool and Project Closure. It is widely used in many methodologies and approaches as a general term to explain what fundamental components are included in managing and governing a project. Regardless of the type, size and nature of the project, a typical PM framework includes different phases of the project life-cycle, templates and checklists, processes and activities, roles and responsibilities, training material and work guidelines – all this information is organized and systematized into a structure allowing managers and planners to control progress projects throughout the life cycle.
In addition to Project Management Framework, the seminar will also cover Health, Safety & Environmental (HSE) Reporting Guideline for Projects (courtesy of JKR Sarawak) and Introduction to Project Risk Management.
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.
IEM MEMBER: RM 50.00
NON-IEM MEMBER: RM 60.00
All payables shall be made to:
Bank: CIMB Bank
Account Name: IEM SIBU REGION
Account No.: 80-0519393-5
Registration:
Click here to register:
*Please refer to the Flyer for further details.
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