April 25, 2018
Construction sector sees a higher number of dispute cases
AIAC’s Director, Datuk Professor Sundra Rajoo addresses the rise of construction related disputes in today’s edition of the Malaysian Reserve.
The Centre recorded 932 cases last year with 700 disputes being construction related. While Malaysia’s construction sector continues to flourish through billion-dollar mega infrastructure projects taking place across the country, rising disputes due to contracts clarity and payment avoidances have marred the sector’s growth affecting many parties and causing project delays.
Disputed claims for adjudications ending 2017 alone stood at RM1.38 billion, with poorly drafted contracts identified as the root cause. This led to the Centre issuing its own suite of standard form of building contracts (AIAC’s SFC). We recently released our 2018 edition earlier this month, with a Design & Build version to be introduced in the coming weeks. More here; http://sfc.aiac.world/
Join us for our CIPAA Conference 2018 (7th May 2018), taking place on the 3rd day of our ADR Week 2018; as we dedicate the day solely for all things construction related. Be the first to take back a copy of our CIPAA 2018 Report containing all the latest trend analysis and stats. Limited seats remain.
For more info & to register;