A milestone payment may be defined as the payment to a contractor in a number of lump sums, each stage of payment is made upon achievement of a milestone or a stage defined in the contract. The...
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Albert Yeu FCIArb MRICS MICE
Hong Kong Institute of Construction Adjudicators (HKICAdj)
Chartered civil engineer, chartered project management surveyor and construction arbitrator. He is currently Honorary Secretary of the YMG of the Chartered Institute of Arbitrators (East Asia Branch). He is also regularly appointed as construction adjudicator and mediator in the East Asia region.
13 March 2020
“If there is an ambiguity or inconsistency within the Site Information (including the information referred to in it), the Contractor is assumed to have taken into account the physical conditions more...
3 September 2019
“Business as usual, cash flow is the king.”
This is especially true for the Hong Kong construction industry, when the success of any project counts on a chain of interdependent parties starting...
12 March 2019
The Development Bureau of the HKSAR released the public consultation report in April 2016 in regard to the proposed Security of Payment Legislation in Hong Kong. For this consultation, the Bureau...
16 May 2018
In the Hong Kong construction industry, it is common for main contractors to include a provision in subcontracts which provides that payment to the main contractor is dependent on the main contractor...
12 April 2018
