DocumentCode
2898492
Title
Construction Industry Payment and Adjudication Act; enhancing security of payment in the Malaysian Construction Industry
Author
Sahab, Siti Suhaidah ; Ismail, Zulhabri
Author_Institution
Fac. of Archit., Planning & Surveying, Building Dept., Univ. Teknol. MARA, Shah Alam, Malaysia
fYear
2011
fDate
5-7 June 2011
Firstpage
153
Lastpage
159
Abstract
Payment has always been the thorn in the Malaysian Construction Industry. Thus, it becomes a barrier to achieve the second CIMP strategic thrust which is to strengthen the image of Malaysian construction industry. Lesson learned from the UK Construction Industry, payment problems was overcome by means of statutory adjudication. Therefore, the purpose of this research was to investigate the potential of the? `Construction Industry Payment and Adjudication Act?´ in enhancing the security of payment disputes. Literature review on statutory adjudication and the type of security of payment problems were explored in the earlier stage of this research. Ninety one court cases were selected to determine the types of dispute raised to be adjudicated and the defence claims to enable identification on viability of statutory adjudication in mitigating security of payment problems. This research compared the HGCRA of the UK construction industry and draft Malaysia Construction Industry Payment and Adjudication Act (CIPAA) in determining the similarities and differences between both Acts, hence providing an outlook on potential of draft CIPAA.
Keywords
commercial law; construction industry; financial management; security; CIMP strategic thrust; HGCRA; Malaysian construction industry; UK construction industry; construction industry adjudication act; construction industry payment act; draft CIPAA; payment security; Artificial intelligence; Business; Integrated circuits; Zinc; Draft CIPAA; HGCRA; Security of Payment; Statutory Adjudication;
fLanguage
English
Publisher
ieee
Conference_Titel
Business, Engineering and Industrial Applications (ICBEIA), 2011 International Conference on
Conference_Location
Kuala Lumpur
Print_ISBN
978-1-4577-1279-1
Type
conf
DOI
10.1109/ICBEIA.2011.5994231
Filename
5994231
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