Case studies on construction contract disputes under SOP act

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 introduce...

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Main Author: Teo, Bjorn Jun Pei
Other Authors: Wong Wai Fan
Format: Final Year Project
Language:English
Published: 2018
Subjects:
Online Access:http://hdl.handle.net/10356/74790
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-747902023-03-03T16:55:19Z Case studies on construction contract disputes under SOP act Teo, Bjorn Jun Pei Wong Wai Fan School of Civil and Environmental Engineering DRNTU::Engineering::Civil engineering 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 Engineering (Civil) 2018-05-24T02:38:10Z 2018-05-24T02:38:10Z 2018 Final Year Project (FYP) http://hdl.handle.net/10356/74790 en Nanyang Technological University 34 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
spellingShingle DRNTU::Engineering::Civil engineering
Teo, Bjorn Jun Pei
Case studies on construction contract disputes under SOP act
description 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.
author2 Wong Wai Fan
author_facet Wong Wai Fan
Teo, Bjorn Jun Pei
format Final Year Project
author Teo, Bjorn Jun Pei
author_sort Teo, Bjorn Jun Pei
title Case studies on construction contract disputes under SOP act
title_short Case studies on construction contract disputes under SOP act
title_full Case studies on construction contract disputes under SOP act
title_fullStr Case studies on construction contract disputes under SOP act
title_full_unstemmed Case studies on construction contract disputes under SOP act
title_sort case studies on construction contract disputes under sop act
publishDate 2018
url http://hdl.handle.net/10356/74790
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