Case studies on contract disputes under SOP framework

The construction sector has grown tremendously in the last few years and with its significant contribution, became one of the strong pillars of Singapore’s economy. Whilst enjoying continuous strong growth, unfortunately the industry also witnesses an increase in payment problems between the main co...

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Main Author: Loh, Yong Keong
Other Authors: Wong Wai Fan
Format: Final Year Project
Language:English
Published: 2015
Subjects:
Online Access:http://hdl.handle.net/10356/63394
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-633942023-03-03T17:27:22Z Case studies on contract disputes under SOP framework Loh, Yong Keong Wong Wai Fan School of Civil and Environmental Engineering DRNTU::Engineering::Civil engineering::Construction management The construction sector has grown tremendously in the last few years and with its significant contribution, became one of the strong pillars of Singapore’s economy. Whilst enjoying continuous strong growth, unfortunately the industry also witnesses an increase in payment problems between the main contractors and the subcontractors. For example, the main contractor may face adverse financial difficulties, resulting in delay of payments to the subcontractors. Without proper and adequate cash flows, the contractors, subcontractors and suppliers find themselves in an invidious situation, which will slow down the progress of the construction project and even to an extent of completely stop work. Therefore, the Building and Construction Industry Security of Payment Act was enacted to improve and resolve the cash flow disputes. The author has the good opportunity to understand the mechanism of the Security of Payment (SOP) Act and would focus on the payment claim perspective under the SOP Act with two cases studies. To contrast a valid payment claim with an invalid payment claim, to enhance the efficiency of making a valid payment claim and adjudication application. Bachelor of Engineering (Civil) 2015-05-13T05:55:59Z 2015-05-13T05:55:59Z 2015 2015 Final Year Project (FYP) http://hdl.handle.net/10356/63394 en Nanyang Technological University 41 p. application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic DRNTU::Engineering::Civil engineering::Construction management
spellingShingle DRNTU::Engineering::Civil engineering::Construction management
Loh, Yong Keong
Case studies on contract disputes under SOP framework
description The construction sector has grown tremendously in the last few years and with its significant contribution, became one of the strong pillars of Singapore’s economy. Whilst enjoying continuous strong growth, unfortunately the industry also witnesses an increase in payment problems between the main contractors and the subcontractors. For example, the main contractor may face adverse financial difficulties, resulting in delay of payments to the subcontractors. Without proper and adequate cash flows, the contractors, subcontractors and suppliers find themselves in an invidious situation, which will slow down the progress of the construction project and even to an extent of completely stop work. Therefore, the Building and Construction Industry Security of Payment Act was enacted to improve and resolve the cash flow disputes. The author has the good opportunity to understand the mechanism of the Security of Payment (SOP) Act and would focus on the payment claim perspective under the SOP Act with two cases studies. To contrast a valid payment claim with an invalid payment claim, to enhance the efficiency of making a valid payment claim and adjudication application.
author2 Wong Wai Fan
author_facet Wong Wai Fan
Loh, Yong Keong
format Final Year Project
author Loh, Yong Keong
author_sort Loh, Yong Keong
title Case studies on contract disputes under SOP framework
title_short Case studies on contract disputes under SOP framework
title_full Case studies on contract disputes under SOP framework
title_fullStr Case studies on contract disputes under SOP framework
title_full_unstemmed Case studies on contract disputes under SOP framework
title_sort case studies on contract disputes under sop framework
publishDate 2015
url http://hdl.handle.net/10356/63394
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