Event code: 79082
INTRODUCTION
The Security of Payment Act facilitates payments for construction work done or for related goods/services supplied in the building and construction industry. It aims to improve cash flow in the construction industry by giving parties the right to seek progress payments for work done, and to provide quick and low-cost resolution of payment disputes through adjudication.
OBJECTIVES
The course provides an overview of the key essentials in the Security of Payment legislation. It aims to enhance participants’ understanding on the mechanism, requirements and considerations of the Security of Payment Act and discusses payment issues typically encountered in building and construction projects.
CONTENTS
OVERVIEW OF THE SECURITY OF PAYMENT ACT (SOPA)
PRINCIPLES AND APPLICATION OF THE SOPA
• “Pay when Paid” and “Pay if Paid” Provisions
CONSIDERATIONS OF THE SOPA
• Making a Payment Claim
• Responding to a Payment Claim
• Adjudication
- Procedure
- Authorised Nominating Body
- Determination
- Compliance
- Adjudication Review
- Effects of Adjudication
• Measures to Enforce Payment
• Timelines in the Act
CASE STUDIES
LECTURER(S)
MR PALLIPURATHU GOPINATHAN ROY is currently a Senior Manager for a Fortune 500 multinational construction company. For the last 20 years, he has been involved in all facets of commercial, contractual and dispute management for building and civil engineering works in Singapore. His portfolio of dispute avoidance and resolution, commercial management, procurement advice and contract management experience spans a wide variety of complex building, engineering, tunnelling and infrastructure projects. He is known as a leading contracts practitioner in the local construction industry with profound knowledge of the field. Roy is regularly identified by his peers as a heavyweight in contracts administration with a bona fide reputation. He has a distinctive approach and knack for interpreting the provisions of the contract and displays great acumen in this field. He is well positioned to advise the top management on all aspects of construction and project work from inception to completion, including the drafting of various forms of construction and project documentation.
WHO SHOULD ATTEND
• Developers
• Architects
• Engineers
• Quantity Surveyors
• Builders and Contractors
• Project Directors and Project Managers
• Contract Managers and Administrators
• Personnel involved in administering construction contracts
AWARD
e-Certificate of Attendance (e-COA) will be awarded to participants who meet the attendance requirement.
DETAILS
Date: 3 September 2024
Platform: e-Learning via BCAA Learning Management System (LMS)
Fee (inclusive of 9% GST): S$427.85
REGISTRATION
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CPD POINTS
Subject to award from BOA-SIA and PEB.
To check for CPD point eligibility, please CLICK HERE