Over 40 delegates attend workshop on new security-of-payment rules in HK

Over 40 delegates attend workshop on new security-of-payment rules in HK

More than 40 delegates attended the NEC Users’ Group workshop at Bryan Cave Leighton Paisner’s (BCLP) Hong Kong office in November 2021. The half-day workshop focused on the proposed new security-of-payment legislation in Hong Kong.

BCLP counsel Patrick Daley explained the application and mechanisms of the impending legislation and discussed its compatibility with NEC contracts. Arup consultant SY Chan then looked at practical approaches for implementing the legislation in line with NEC ethos of ‘mutual trust and co-operation’. The event concluded with a discussion led by NEC Users’ Group secretary Robert Gerrard.

HK-security-workshop.jpg

New security-of-payment provisions

The proposed legislation is now being trialled through Technical Circular (Works) No.6/2021, which introduced mandatory security-of-payment provisions for the majority of Hong Kong’s public works tenders from December 2021, with the remainder to follow in April 2022.

The provisions, which are intended as a trial before the legislation gets formally enacted, ban ‘pay when paid’ clauses, require payment to be made within 60 days and stipulate rapid adjudications. 

Recent Projects

Recent news

Growing use of NEC4 in Ireland: trends and opportunities

Growing use of NEC4 in Ireland: trends and opportunities

NEC4 will be used on several major infrastructure projects being procured in 2025 in the Republic of Ireland.

Read more
How NEC can provide a standard form for all PMBOK contract types

How NEC can provide a standard form for all PMBOK contract types

All PMBOK contract types can be effected using the main and secondary options of the NEC4.

Read more
NEC Publishes New Y Clauses to Support NEC4 Contracts in Singapore

NEC Publishes New Y Clauses to Support NEC4 Contracts in Singapore

NEC has released the latest set of secondary Option clauses developed specifically for use in Singapore, supporting the implementation of NEC4 Facilities Management Contract (FMC) in the region.

Read more
View all news