The Construction Contracts Act 2013 (the “Act”) was enacted on 29 July 2013. The Act is one of the most significant pieces of industry legislation in recent years and is likely to prove a game changer.
The Act applies to construction contracts in both the private and public sector (other than PPP contracts). For the first time in Ireland it will introduce a statutory dispute resolution mechanism for construction contract payment disputes through adjudication by an independent third party. It is intended that it will be implemented in Spring 2015.
Click here to read our views and analysis on the Act.