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Article: Security of payment for Hong Kong construction industry

TitleSecurity of payment for Hong Kong construction industry
Authors
KeywordsContracts And Law
Issue Date2010
PublisherThomas Telford (ICE Publishing). The Journal's web site is located at http://www.icevirtuallibrary.com/content/serial/mpal
Citation
Proceedings of Institution of Civil Engineers: Management, Procurement and Law, 2010, v. 163 n. 1, p. 17-28 How to Cite?
AbstractIn Hong Kong, getting paid is not always easy and the construction industry stands as an illustration of how much effort may be needed to achieve this and how adverse impacts can escalate from payment problems. At the moment, many jurisdictions have adopted some form of legislation or practical measures to enhance the ease and security of payment in the construction industry. Experience and insights from their operations provide guidance to Hong Kong for its way forward. By studying practices and feedback in other jurisdictions, this paper outlines and reviews the options and alternatives implemented for securing payment in the construction industry in Hong Kong. In addition, it also seeks to appraise their respective practicability for Hong Kong and highlight those areas to be considered if they are to be adopted or adapted for use in the Hong Kong construction industry. The ultimate aim is to provide an objective, balanced and reasoned overview for further study and discussion among stakeholders in the Hong Kong construction industry when moving forward. This is not intended to be an exhaustive review of all means adopted to achieve security of payment but aims to discuss those methods which are more likely to be suitable to be adopted in Hong Kong in the light of the circumstances and environment prevailing there. Furthermore, this study did not investigate the many modes of procurement that are available and which may address the concern of security of payment but focuses on the traditional form of contracts in use in Hong Kong. Public-private partnerships or private finance initiatives which would call for different discussions are not covered.
Persistent Identifierhttp://hdl.handle.net/10722/150533
ISSN
2015 SCImago Journal Rankings: 0.189
References

 

DC FieldValueLanguage
dc.contributor.authorCheng, Ten_US
dc.contributor.authorSoo, Gen_US
dc.contributor.authorKumaraswamy, Men_US
dc.contributor.authorJin, Wen_US
dc.date.accessioned2012-06-26T06:05:31Z-
dc.date.available2012-06-26T06:05:31Z-
dc.date.issued2010en_US
dc.identifier.citationProceedings of Institution of Civil Engineers: Management, Procurement and Law, 2010, v. 163 n. 1, p. 17-28en_US
dc.identifier.issn1751-4304en_US
dc.identifier.urihttp://hdl.handle.net/10722/150533-
dc.description.abstractIn Hong Kong, getting paid is not always easy and the construction industry stands as an illustration of how much effort may be needed to achieve this and how adverse impacts can escalate from payment problems. At the moment, many jurisdictions have adopted some form of legislation or practical measures to enhance the ease and security of payment in the construction industry. Experience and insights from their operations provide guidance to Hong Kong for its way forward. By studying practices and feedback in other jurisdictions, this paper outlines and reviews the options and alternatives implemented for securing payment in the construction industry in Hong Kong. In addition, it also seeks to appraise their respective practicability for Hong Kong and highlight those areas to be considered if they are to be adopted or adapted for use in the Hong Kong construction industry. The ultimate aim is to provide an objective, balanced and reasoned overview for further study and discussion among stakeholders in the Hong Kong construction industry when moving forward. This is not intended to be an exhaustive review of all means adopted to achieve security of payment but aims to discuss those methods which are more likely to be suitable to be adopted in Hong Kong in the light of the circumstances and environment prevailing there. Furthermore, this study did not investigate the many modes of procurement that are available and which may address the concern of security of payment but focuses on the traditional form of contracts in use in Hong Kong. Public-private partnerships or private finance initiatives which would call for different discussions are not covered.en_US
dc.languageengen_US
dc.publisherThomas Telford (ICE Publishing). The Journal's web site is located at http://www.icevirtuallibrary.com/content/serial/mpalen_US
dc.relation.ispartofProceedings of Institution of Civil Engineers: Management, Procurement and Lawen_US
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.rightsPermission is granted by ICE Publishing to print one copy for personal use. Any other use of these PDF files is subject to reprint fees-
dc.subjectContracts And Lawen_US
dc.titleSecurity of payment for Hong Kong construction industryen_US
dc.typeArticleen_US
dc.identifier.emailKumaraswamy, M:mohan@hkucc.hku.hken_US
dc.identifier.authorityKumaraswamy, M=rp00126en_US
dc.description.naturepublished_or_final_versionen_US
dc.identifier.doi10.1680/mpal.2010.163.1.17en_US
dc.identifier.scopuseid_2-s2.0-77956418301en_US
dc.identifier.hkuros171927-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-77956418301&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume163en_US
dc.identifier.issue1en_US
dc.identifier.spage17en_US
dc.identifier.epage28en_US
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridCheng, T=36464970200en_US
dc.identifier.scopusauthoridSoo, G=25123211600en_US
dc.identifier.scopusauthoridKumaraswamy, M=35566270600en_US
dc.identifier.scopusauthoridJin, W=36465205800en_US

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