Construction payment in Singapore

Singapore payment runs on the Building and Construction Industry Security of Payment Act. A payment claim is answered by a payment response, and a short or missing response can be taken to adjudication. GST applies at the prevailing rate, and the statutory deadlines sit alongside whatever the contract says.

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10 guides for Singapore

Singapore Serving a payment claim under the SOP Act in Singapore The payment claim is the document that starts every payment cycle under the Building and Construction Industry Security of Payment Act. Get it right and the clock protects you. 6 min read Singapore The payment response and the 21 and 14 day rule in Singapore Under the SOP Act the respondent must serve a payment response within twenty-one days of the payment claim, or fourteen if the contract is silent. Miss it and the claimed sum stands. 6 min read Singapore Valuing variations on a Singapore construction contract Variations move into the payment claim like any other work. Value them on the contract rates under the PSSCOC or SIA form, and carry them through the SOP Act cycle. 6 min read Singapore Retention on a Singapore contract: holding it and releasing it Retention is deducted from the certified value on each payment claim under the PSSCOC or SIA form. Track what is held, what is due at completion, and what is released at the end of the defects period. 5 min read Singapore GST at 9% on a Singapore valuation: net versus gross GST at nine per cent, the rate since January 2024, sits on top of the certified value. Keep the net valuation clean so the SOP Act works on the right number. 5 min read Singapore Forecasting cash flow around the SOP Act payment cycle A Singapore cash flow forecast has to model the real payment cycle: claim, response, and a due date capped at thirty-five days. Forecast the dates, not just the amounts. 6 min read Singapore Closing the final account on a Singapore project The final account settles measured work, variations and retention into one agreed figure under the PSSCOC or SIA form. Build it from the record, not from memory. 6 min read Singapore Extension of time and delay notices on a Singapore contract An extension of time under the PSSCOC or SIA form turns on notice and cause. Give notice in time, prove the delay, and protect the programme and the money. 6 min read Singapore Completion and taking over on a Singapore contract The completion certificate under the PSSCOC or SIA form fixes taking over, starts the defects period, and triggers the first retention release. Know what it turns on. 5 min read Singapore Counting the days under the SOP Act: claim, response and adjudication The SOP Act timeline runs on calendar days from the payment claim: response capped at twenty-one days, due date at thirty-five, and a separate seven day dispute window. Count them right. 6 min read

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