Cash-flow for HAI members is vital to the survival of their businesses and during recent years many sub-contractors went under simply because larger construction companies/developers did not pay for their work.
This had a direct effect on hardware and builders merchants who offered credit terms to these same contractors and who continue to face cash flow problems without this protection being in place.
Annemarie Harte, CEO HAI, recently contacted Gerald Nash T.D., for an update on the implementation of the Act. Mr. Nash, who was delegated responsibility for the implementation of the Act in late 2014, stated that a number of actions were required to be taken before the Act could be commenced, including the establishment of a Panel of Adjudicators and the drafting of a Code of Practice for the conduct of adjudications.
The Chairperson of the Panel of Adjudicators, Dr. Bunni, was appointed in July and Mr. Nash will shortly be appointing the other members of the Panel following the completion of a recent competitive process undertaken by the Public Appointments Service.
Mr. Nash expressed his commitment to implementing this “ground-breaking” legislation for the benefit of all stakeholders in the construction industry as soon as is practicable. The remaining actions, including the finalisation of the Code of Practice will be completed as soon as possible, following which a commencement date for implementation of the Act will be announced in advance in order to provide sufficient notice to those affected by the legislation.