Preparing Payment Claim and Payment Response under the SOP ACT

Key Points and Strategies for Successfully Managing Payment Claims and Responses Under the Security of Payment Act

Overview

The objective of the seminar is to introduce participants to the Security of Payment Act and the key points on preparing payment claim and payment response. Since the introduction of the Act, many organisation have used the Act to resolve payment problems including supply of materials and goods as well as professional services. The key point is the payment claim and payment response under the SOP Act Regime. Participants will be given practical discussions and exercise to illustrate the operation of the SOP.

Objective

By the end of the talk, participants would have learned:

• How the Security of Payment Act operates in principal

• How to meet the time lines and what needs to be done when making an application to bring claims within the strict regime of Act.

• Key points in preparing payment claims and payment response

Course Outline

• Key points of the Security of Payment Act

• How the SOP ACT operates in the sense of the Word

• Key principal meeting deadlines when making a claim under the Security of Payment Act

• Key points when preparing payment claims

• How to prepare payment response under the SOP Act

• The rights when you have won a claim under the Security of Payment Act

• Enforcement of the Security of Payment Act

• The recent decisions and case law to understand the operation of the Act

• The art of settling and negotiating settlement under SOP Act

Target Audience

This seminar will be of immediate benefit to all involved in the building and construction industry, particularly the Project Managers, Project Engineers, Surveyors, Project Administrators, Contractors, Subcontractors, Architects, Consultants and Financial Advisors. Anyone involved in the Construction industry or who’s interested in alternative dispute resolution. Lawyers & Legal practitioners interested in learning and applying the SOP Act.

Course Fees (Incl GST)

SCAL member: $162.00

CIJC Member: $194.40

Non-member: $194.40

Speaker Profile

David Shanmugam

David has an LLB (Honours) from the University of London and a Master of Business Administration (MBA) from Victoria University.

Mr. David Shanmugam has many years of legal practice in the private sector and is presently working in a legal firm. He is also an Advocate & Solicitor of the Supreme Court of Singapore.

He regularly conducts legal seminars and workshops for Directors, HR and Finance professionals on business and company law as well as various practical legal issues faced by corporate individuals. His forte is in the field of corporate and commercial drafting of contracts, including commercial company matters. Over the years, he has also conducted many in-house trainings for high profile corporate clients.