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Many construction firms experience cash-flow issues. Although project works are completed, firms may experience long delays in collecting payments for work done from main contractors or developers.
This is where we can come in to help.
At Trident Law, we have significant experience in the various dispute resolution processes unique to the construction industry. Well versed in adjudications under the Building & Construction Industry Security of Payment Act (the ‘SOP Act’), we help you resolve your disputes in a quicker and less burdensome manner.
In the past, contractors relied on lawsuits or arbitration to recover payments due under a construction contract. Often, these approaches are costly and involve lengthy legal proceedings. This worsens the cash flow positions for claimants.
In recent times, adjudication under the SOP Act has emerged as an alternative dispute resolution process which is very quick (3 weeks from start to end), compared to the traditional methods.
However, not everybody can understand or apply the procedures under the SOP Act. Often, this can be treacherous for inexperienced applicants. With only one practical shot at success in applying for adjudication under the SOP Act, mistakes are costly with little room for error.
Trident Law is well versed with the myriad of issues arising under the SOP Act, and can advise firms in navigating these issues.
See how Trident Law helped some of our clients get paid for the work that they had completed.
We acted for a sub-contractor who had done plumbing works for 4 projects for a main contractor. Despite the sub-contractor liaising with the main contractor for almost a year, the sub-contractor was unable to receive payment for its payment claims for over a year for all 4 projects.
Justin Tan assisted the client in commencing adjudication proceedings under the SOP Act for these projects and recovered a substantial part of our client's claim within 1 month.
Acting on behalf of a subcontractor on an SOP Claim in excess of $1 million, Justin Tan successfully argued against the main contractor's contention that our client's adjudication application was premature. Our argument on the law was accepted by the Adjudicator who awarded our client the entire claim of a seven figure sum.
Trident Law has advised and continues to act for a number of employers who are confronted with significant defects in the construction works and/or with delays in the completion of their projects. We work closely with experts in assessing the root cause of these defects and delays and also in the quantification of the damages.
If birds take to flying in the air, then Trident Law takes to litigation like eagles. Working with our clients to amicably resolve disputes, we are more than able to assist clients in litigation when all else fails.