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Legal Aspects Of
Security Of Payment In Building & Construction Industries (Rerun 30) |
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The
maintenance of a healthy cash-flow is
of primary importance especially in the building construction industries as
it concerns the survival of contractors, subcontractors, suppliers and even
consultants especially those which are small medium entreprises. This
is so as many contractors, subcontractors, suppliers and consultants do not
possess the economies of scale to withstand delayed payments while paying for
their own subcontractors or suppliers down the line for work done Aware of concerns of cash
flow problems as well as the difficulties in enforcing
timely payments faced by SMEs especially in the building construction
industries, Parliament on 1 April 2005 enacted the
Building and Construction Industry Security of Payments Act (SOPA) The main objective of SOPA is to improve cash-flow by helping
to speed up payment for construction work done or for related goods or services supplied
in the building and construction industry, and for matters connected
therewith SOPA also
attempts to improve cash flow in the building & construction industry and
provide an efficient and low-cost dispute resolution mechanism for payment
disputes This
course will discuss the pertinent sections of SOPA and its related
regulations, the Payment Claim & Payment Response procedure, steps to
making a claim under SOPA, the adjudication
mechanism and enforcement of the Adjudication Decision, impact of the
COVID-19 (Temporary Measures) Act, practical important points to note in
respect of SOPA and FAQs. It is important & beneficial for PEs, Engineers, Consultants, Developers,
Owners of Projects, Technical Professionals, Contractors, Subcontractors and
other stakeholders to understand the framework of SOPA & its
impact on the building & construction industries |
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Date Scheduled |
7 November
2024 (Thursday) |
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Time |
8.30 am - 6.00 pm |
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Venue |
Hotel Grand
Pacific |
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Registration Fee |
$410 per pax (inclusive
of lunch & tea-break [for physical attendance only unless not permitted
by law], course materials & electronic certificate of attendance; GST not
applicable |
|
Early Bird Registration (Register and pay on or before 31
October 2024) |
$360 per pax (inclusive
of lunch & tea-break [for physical attendance only unless not permitted
by law], course materials & electronic certificate of attendance; GST not
applicable |
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Qualified
by the Professional Engineers Board for 8 PDUs or 8 CET Hours |
This is a new course
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For
whom: |
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Professional Engineers, Engineers, Architects,
Technical Professionals, Designers, Employers, Business Owners, Directors,
Consultants, Senior Managers, Project Managers, Contractors, etc **Note: For all disciplines of engineering |
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Objectives: |
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To share with participants the framework of SOPA
and its benefits, especially to Engineers, Consultants, Contractors, Supplies
& Developers, the
Payment Claim & Payment Response procedures, steps to making a claim
under SOPA, the adjudication mechanism and enforcement of the
Adjudication Decision, impact of the COVID-19 (Temporary Measures) Act,
practical important points to note in respect of SOPA |
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Course Outline: |
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1. Introduction 2. The benefits of Building and Construction
Industry Security of Payment Act (SOPA) 3. Aspects of the Law: Walk through the pertinent
sections of SOPA 4. Walk through the pertinent regulations of SOP
Regulations 5.
Claims under SOPA 6. Claim & Response Procedures
under SOPA 7. The Adjudication
Process & the role of the Adjudicator 8. Enforcement of the Adjudication
Decision 9.
Impact of the COVID-19 (Temporary Measures) Act 10.
Practical Important Points to Note in respect of SOPA 11.
Some Frequently Asked Questions (FAQs) 12.
Case Study 13.
Questions & Answers |
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Trainer’s CV: |
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Mr.Lee Kwok Weng, B.Eng. (Mech.)(S'pore), M.Sc.(Ind.Eng)(NUS), DipBA(NUS), GradDip Mktg.(MIS), LLB(Hons)(Bucks), LLM(Lond),
Barrister-at-Law, Advocate & Solicitor, Supreme Court of Singapore
(Retired), Accredited Arbitrator & Mediator, MMIS, FIES, Honorary Legal
Advisor, IES & SISO, a senior lawyer, was in continuous private legal
practice for almost 29 years running his own law firm before his retirement
from legal practice. Mr.
Lee is a very experienced lecturer and trainer and a much sought after
speaker. He conducts teaching & training for various corporations,
organizations and tertiary institutions as well as providing in-house courses
for many businesses. Mr. Lee has been for many years an Adjunct Associate
Professor at the Faculty of Business Administration, National University of
Singapore, teaching in the MBA programme, He was also an Adjunct Lecturer for
many years at the Nanyang Technological University and BCA Academy. He still
conducts courses at IES Academy. He
specialises in Business Contracts, Negligence, Information Technology and
Engineering & Building Laws. He is a very experienced lecturer and
trainer and is well-versed in the technical field, marketing and management
practice too. Mr.
Lee brings with him considerable industrial project and business development management
experience, having worked more than 12 years inter alia as a project engineer
with the Singapore Government and senior project manager in a leading
multi-national energy, engineering and construction corporation. |