Getting What You Want With Negotiation (Re-run No

Legal Aspects Of Security Of Payment In Building & Construction Industries (Rerun 29)

The maintenance of a healthy cash-flow is of primary importance especially in the building construction industries as it concerns the survival of contractors, subcontractors, suppliers and even consultants especially those which are small medium entreprises.

This is so as many contractors, subcontractors, suppliers and consultants do not possess the economies of scale to withstand delayed payments while paying for their own subcontractors or suppliers down the line for work done

Aware of concerns of cash flow problems as well as the difficulties in enforcing timely payments faced by SMEs especially in the building construction industries, Parliament on 1 April 2005 enacted the Building and Construction Industry Security of Payments Act (SOPA)

The main objective of SOPA is to improve cash-flow by helping to speed up payment for construction work done or for related goods or services supplied in the building and construction industry, and for matters connected therewith

SOPA also attempts to improve cash flow in the building & construction industry and provide an efficient and low-cost dispute resolution mechanism for payment disputes

This course will discuss the pertinent sections of SOPA and its related regulations, the Payment Claim & Payment Response procedure, steps to making a claim under SOPA, the adjudication mechanism and enforcement of the Adjudication Decision, impact of the COVID-19 (Temporary Measures) Act, practical important points to note in respect of SOPA and FAQs.

It is important & beneficial for PEs, Engineers, Consultants, Developers, Owners of Projects, Technical Professionals, Contractors, Subcontractors and other stakeholders to understand the framework of SOPA & its impact on the building & construction industries

Date Scheduled	10 October 2024 (Thursday)
Time	8.30 am - 6.00 pm
Venue	Hotel Grand Pacific 101 Victoria Street Singapore 188018 This course is available either by zoom or at the hotel
Registration Fee	$410 per pax (inclusive of lunch & tea-break [for physical attendance only unless not permitted by law], course materials & electronic certificate of attendance; GST not applicable
Early Bird Registration (Register and pay on or before 3 October 2024)	$360 per pax (inclusive of lunch & tea-break [for physical attendance only unless not permitted by law], course materials & electronic certificate of attendance; GST not applicable

Qualified by the Professional Engineers Board for 8 PDUs or 8 CET Hours

This is a new course

For whom:

Professional Engineers, Engineers, Architects, Technical Professionals, Designers, Employers, Business Owners, Directors, Consultants, Senior Managers, Project Managers, Contractors, etc

**Note: For all disciplines of engineering

Objectives:

To share with participants the framework of SOPA and its benefits, especially to Engineers, Consultants, Contractors, Supplies & Developers, the Payment Claim & Payment Response procedures, steps to making a claim under SOPA, the adjudication mechanism and enforcement of the Adjudication Decision, impact of the COVID-19 (Temporary Measures) Act, practical important points to note in respect of SOPA

Course Outline:

1. Introduction

2. The benefits of Building and Construction Industry Security of Payment Act (SOPA)

3. Aspects of the Law: Walk through the pertinent sections of SOPA

4. Walk through the pertinent regulations of SOP Regulations

5. Claims under SOPA

6. Claim & Response Procedures under SOPA

7. The Adjudication Process & the role of the Adjudicator

8. Enforcement of the Adjudication Decision

9. Impact of the COVID-19 (Temporary Measures) Act

10. Practical Important Points to Note in respect of SOPA

11. Some Frequently Asked Questions (FAQs)

12. Case Study

13. Questions & Answers

Trainer’s CV:

Mr.Lee Kwok Weng, B.Eng. (Mech.)(S'pore), M.Sc.(Ind.Eng)(NUS), DipBA(NUS), GradDip Mktg.(MIS), LLB(Hons)(Bucks), LLM(Lond), Barrister-at-Law, Advocate & Solicitor, Supreme Court of Singapore (Retired), Accredited Arbitrator & Mediator, MMIS, FIES, Honorary Legal Advisor, IES & SISO, a senior lawyer, was in continuous private legal practice for almost 29 years running his own law firm before his retirement from legal practice.

Mr. Lee is a very experienced lecturer and trainer and a much sought after speaker. He conducts teaching & training for various corporations, organizations and tertiary institutions as well as providing in-house courses for many businesses. Mr. Lee has been for many years an Adjunct Associate Professor at the Faculty of Business Administration, National University of Singapore, teaching in the MBA programme, He was also an Adjunct Lecturer for many years at the Nanyang Technological University and BCA Academy. He still conducts courses at IES Academy.

He specialises in Business Contracts, Negligence, Information Technology and Engineering & Building Laws. He is a very experienced lecturer and trainer and is well-versed in the technical field, marketing and management practice too.

Mr. Lee brings with him considerable industrial project and business development management experience, having worked more than 12 years inter alia as a project engineer with the Singapore Government and senior project manager in a leading multi-national energy, engineering and construction corporation.