Towards Harmonisation of Construction Industry Payment Legislation: A Consideration of the Success Afforded by the East and West Coast Models in Australia
<p class="AJCEBBodytext" style="margin: 0cm 0cm 0pt;"><span style="font-family: Arial; font-size: small;">This article considers the success of the two distinct construction industry payment legislative models operating in Australia – “Ea...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
UTS ePRESS
2010-10-01
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| Series: | Australasian Journal of Construction Economics and Building |
| Online Access: | http://epress.lib.uts.edu.au/ojs_upgrade/index.php/AJCEB/article/view/1804 |
| Summary: | <p class="AJCEBBodytext" style="margin: 0cm 0cm 0pt;"><span style="font-family: Arial; font-size: small;">This article considers the success of the two distinct construction industry payment legislative models operating in Australia – “East Coast” and “West Coast” – in achieving their objective of improving cash flow throughout the construction industry. Success parameters are identified by the authors – namely: the levels of justice afforded by the legislation, the administrative and legal burden generated by the legislation, and the impact of the legislation on the relationships between the contracting parties – which are used as a basis to discuss and compare the performances of the East and West Coast models. It is concluded that the West Coast model provides a more just dispute resolution process, generates less administrative and legal burden, and is more conducive towards establishing positive relationships between contracting parties. However, it is recognised that there is a need for more data to be gathered from construction industry stakeholders before any firm recommendations can start to be made as to the most appropriate conceptual framework and detail for a harmonised approach.</span></p> |
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| ISSN: | 1835-6354 1837-9133 |