Why is the CIPAA delayed?
The construction industry is a significant contributor to our nation’s economy.
One of the key legislations promoted by the industry to address the
challenges faced by contracting parties was the passage of the
Construction Industry Payment and Adjudication Act 2012 (CIPAA).
With CIPAA, Malaysia joins the United Kingdom, Australia, New
Zealand and Singapore as nations that recognise the importance of
resolving disputes of payments in a fair, just and expeditious manner.
CIPAA is a form of statutory adjudication which provides a mandate
for contracting party aggrieved by payment delays. Normally, any claims
by contractors or sub-contractors may be met with contestation by
employers of allegations of time delays, defects in workmanship,
liquidated damages and losses.
Baca selanjutnya Construction law reforms - Business News | The Star Online
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