The financial health of contractors, subcontractors, suppliers, and consultants is heavily reliant on cash flow in the construction industry. Any delays in payment can cause significant harm to all parties involved. Exploring Security of Payment legislation for the construction industry is an intriguing topic for all sectors within this field. This presentation will look at the Security of Payment Act in Western Australia, as well as provide an overview of the anticipated legislation in Thailand.
Join us as we explore how such legislation can prevent detrimental effects caused by payment delays in the construction industry.
This event aims to provide an in-depth discussion of the key considerations for introducing new Security of Payment legislation for the construction sector in our country. Our expert speakers will share their insights on the potential benefits and challenges of introducing such legislation, as well as provide guidance on best practices and lessons learned having regard to new legislation recently introduced in Western Australia and a proposed bill for Thailand.