This course provides a comprehensive understanding of the Security of Payment (SOP) framework, which is a critical framework designed to ensure timely and fair payment for work done, materials supplied and services rendered. Construction professionals will learn about payment claims, dispute resolution through adjudication, and contractual best practices to ensure timely payments and financial stability in construction projects. Through an interactive learning approach, this workshop will make use of lecture, discussion and scenario studies to illustrate the key elements that construction professionals have to be alerted to.
- Scope of application of SOP in public and private contracts
- Scope of application of SOP in construction contracts and works
- Under what circumstances that SOP does not apply
- When a claiming party can be entitled to progress payment and how much?
- What a claiming party need to do first
- What a paying party need to do then
- Consequences of not serving payment responses
- What is adjudication?
- Contractual adjudication vs Legislation
- When does payment dispute arises? – scenario studies
- How to initiate adjudication proceedings
- Appointment of adjudicator
- Adjudicator’s determinations
- Adjudication – setting aside or enforcement: scenario studies
- The claiming party’s right to delay work or supply
- Case studies and exercises
Cantonese (course materials in English)
Please complete the online application form and send a crossed cheque payable to “Mastermind Training Institute (Hong Kong) Limited” and send it to Room 2109, 21/F, CC Wu Building, 302 – 308 Hennessy Road, Wan Chai, Hong Kong
Email: training@master-mind.hk or Tel: 2709 1038