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The Building and Construction Industry Security of Payment Act was enacted in 2005 to improve cash-flow by helping to speed up payment in the building and construction industry. Under the Act, any party who has carried out construction work or supplied related goods or services in the building and construction industry under a contract made in writing will have a statutory right to receive progress payment. Applying to both private and public sector projects, under the Act the right to progress payment is available even where the contract has no provision for progress payment.


Author(s)/Editor(s)/Contributor(s): Chow Kok Fong, Christopher Chuah and Mohan Pillay (general editors)


OUT OF PRINT