Before the enactment of the Security of Payment Act (SOP Act), payment disputes for construction projects were often lengthy and costly to resolve. This was extremely detrimental to the survival of contractor firms which faced cash flow problems often leading to bankruptcy. The SOP Act was introduced by the Building and Construction Authority (BCA) after discussion with industry players, to improve cash flow in the industry. This report will focus on explaining the different facets of the Act and reasons for their implementation. Further analysis will also be conducted on two real-life case studies to better understand the interpretation and limitations of the Act from both the adjudicator’s and the court’s point of view.Bachelor of Enginee...
In a construction industry, a Condition of Contract (CoC) is primarily used to ensure a...
PurposeStates have intervened with legislation to improve cashflow within construction project suppl...
Researchers in many countries advocated that the security of payment act (SPA) can help expedite res...
Before the enactment of the Security of Payment Act (SOP Act), payment disputes for construction pro...
Construction projects are usually large scale projects that involve a lot of money. It is very impor...
This Final Year Project (FYP) studied the use of Security of Payment (SOP) Act as a form of legislat...
Resolution of construction disputes used to be a lengthy and often costly process as many legal firm...
There was no definitive law in Singapore that helped the construction firms with their payment dispu...
The construction sector has grown tremendously in the last few years and with its significant contri...
The enduring history of payment difficulties faced by contractors due to payment delays had deeply a...
This FYP report serves as a record and study the industry use of legislation application towards the...
The Building and Construction Industry Security of Payment Act came into operation on 1st April 2005...
The Final Year Project (FYP) studied the use of Security of Payment (SOP) as a form of legislation t...
Before the introduction of the Security of Payments (“SOP”) Act, dispute resolution in the construct...
The construction contracts suffer with many disputes in every country and treated as world phenomen...
In a construction industry, a Condition of Contract (CoC) is primarily used to ensure a...
PurposeStates have intervened with legislation to improve cashflow within construction project suppl...
Researchers in many countries advocated that the security of payment act (SPA) can help expedite res...
Before the enactment of the Security of Payment Act (SOP Act), payment disputes for construction pro...
Construction projects are usually large scale projects that involve a lot of money. It is very impor...
This Final Year Project (FYP) studied the use of Security of Payment (SOP) Act as a form of legislat...
Resolution of construction disputes used to be a lengthy and often costly process as many legal firm...
There was no definitive law in Singapore that helped the construction firms with their payment dispu...
The construction sector has grown tremendously in the last few years and with its significant contri...
The enduring history of payment difficulties faced by contractors due to payment delays had deeply a...
This FYP report serves as a record and study the industry use of legislation application towards the...
The Building and Construction Industry Security of Payment Act came into operation on 1st April 2005...
The Final Year Project (FYP) studied the use of Security of Payment (SOP) as a form of legislation t...
Before the introduction of the Security of Payments (“SOP”) Act, dispute resolution in the construct...
The construction contracts suffer with many disputes in every country and treated as world phenomen...
In a construction industry, a Condition of Contract (CoC) is primarily used to ensure a...
PurposeStates have intervened with legislation to improve cashflow within construction project suppl...
Researchers in many countries advocated that the security of payment act (SPA) can help expedite res...