Open figure viewer
Following the success of the introduction of security of payment legislation in the United Kingdom, there has been rapid growth globally in the enactment of similar legislation to address the vexed issues of late payment and cash-flow in the construction industry. This article provides an overview of the intended purpose of security of payment legislation and compares the differences between jurisdictions. Particular attention is drawn to the ‘Statutory Adjudication’ regime, and its attempts to preserve cash-flow during a project by resolving payment disputes in an expeditious and provisional manner.
ICE Publishing: All rights reserved
2015
You do not currently have access to this content.
