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(Date Created:07-Feb-2020)Cipaa
CIPAA stands for the Construction Industry Payment and Adjudication Act 2012, which came into effect on 15.4.2014.
Date Post: 02-Aug-2019 Pages: construction services
Visit Website Tel: +60362053928
A3-3-3A, Block A3
Solaris Dutamas,
1 Jalan Dutamas 1
50480 Kuala Lumpur
Cipaa Malaysia
CIPAA stands for the Construction Industry Payment and Adjudication Act 2012, which came into effect on 15.4.2014.Before CIPAA, disputes in the construction industry had to go through the process of arbitration or litigation. This is a lengthy process that is also costly. The result is that many contractors are unable to sustain their cashflow and business operations whilst waiting for the dispute to be resolved.
By CIPAA, Parliament introduced statutory adjudication as an interim dispute resolution process. It is a quick, efficient, effective (but rather summary) procedure designed to resolve payment disputes pending a final dispute resolution by way of arbitration or litigation.
Date Post: 01-Aug-2019 Pages: construction services Visit Website Tel: 603-62053928
A3-3-3A, Block A3
Solaris Dutamas
1 Jalan Dutamas 1
50480 Kuala Lumpur
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