More than three years after the initial draft of the Construction Contracts Bill 2010 was first introduced as a Private Members Bill by Senator Feargal Quinn on 12 May 2010, the Construction Contracts Act 2013 has now been enacted. A commencement date is yet to be fixed. This introduces statutory adjudication and will hopefully improve cash flow in the construction sector.
The aim of the legislation is to increase clarity and certainty as to payment on construction projects and to introduce adjudication for the resolution of payment disputes. The key provisions of the Act are as follows: