The Construction Contracts Act 2013 – An Overview
Tony Cunningham
Abstract
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Tony Cunningham
Abstract
Open-access reader
It is absolutely fundamental to trust within the construction industry that participants should be paid for the work which they have undertaken – Sir Michael Latham The Construction Contracts Act 2013, in essence, deals with the timing of, amount of, and enforcement procedures for payments within the Irish construction industry. The Act was introduced to redress a perceived power imbalance between main contractors and sub-contractors which fostered poor payment practices. The Act establishes a formal payment process which may be enforced by aggrieved parties who claim they have not been paid on time or in full, through suspending the works or referring the disputed payment to adjudication.
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It is absolutely fundamental to trust within the construction industry that participants should be paid for the work which they have undertaken – Sir Michael Latham The Construction Contracts Act 2013, in essence, deals with the timing of, amount of, and enforcement procedures for payments within the Irish construction industry. The Act was introduced to redress a perceived power imbalance between main contractors and sub-contractors which fostered poor payment practices. The Act establishes a formal payment process which may be enforced by aggrieved parties who claim they have not been paid on time or in full, through suspending the works or referring the disputed payment to adjudication.
Key concepts: Business