Find out more at btsub.sg/btdeal
You are here
Singapore construction industry calls for more equitable allocation of risks
SINGAPORE'S construction industry has called for the review of the Public Sector Standard Conditions of Contract (PSSCOC) and the Security of Payment (SOP) Act for more equitable allocation of risks to contractors and easier settlement of payment disputes.
Industry veteran Jimmy Koh had on Thursday raised the issue at the Singapore Contractors Association Ltd (Scal) seminar which was attended by some 250 participants.
In his speech, Dr Koh highlighted the myriad of legislative requirements facing the construction industry, including the Building Control Act, Workplace Safety & Health Act, Professional Engineers Act and Architects Act.
Contractors also have to contend with contractual terms in particular those specified in the PSSCOC and other conditions of contract in private sector projects.
"The construction industry is already beset with problems and disputes, such as unrealistic contract period, tight manpower resources, delays, defects, payments and shifting of blames and responsibilities from one party to another", he said.
Kenneth Loo, Scal president, said the association has set up two working groups comprising industry leaders to advocate and propose amendments to the PSSCOC and SOP Act to be submitted to the relevant authorities for their consideration.