Formation of Specialist Trade Alliance of Singapore The campaign for the Building and Construction Industry Security of Payment Act originated in year 2001 with a group of six trades associations who described themselves informally as the “six trades associations”. However, the campaign was directed only at the construction industry, and some of
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Campaign for BCSOP Act In the aftermath of the 1998 financial crisis, the Singapore construction industry faced many problems. Main contractors were financially strapped. They defaulted in payments to sub-contractors. Standard form contracts in use protected main contractors with a ‘pay-when-paid” clause. The clause was unfair. It prevented many disputes over sub-contractor’s
