The Building and Construction Industry Security of Payment Act 2004 (2020 Rev Ed) contains strict timelines for responses, notices, and adjudication. While parties to construction contracts are free to customise their agreements to provide for specific dates or periods for the service of payment claims and responses, does such freedom extend to having ‘weekly progress claims’ and having payment conditioned on the provision of a performance bond? The Singapore High Court decision in Asia Grand Pte Ltd v A I Associates Pte Ltd [2023] SGHC 175 gives us some food for thought.
This Update provides a summary of the Court’s decision and the approach towards such contractual provisions on payment.
For more information, click here to read the full Legal Update.
