Dublin Senator, Catherine Noone, has welcomed the passing of the Construction Contracts Bill 2010. The Bill will provide greater payment security to sub-contractors and other small operators in the construction industry.
“The Construction Contracts Bill will bring very welcome certainty to the entire construction industry. This legislation has been a marathon effort, which started in 2010 and ultimately took over three years to pass through the Oireachtas. However, it has now finally been passed and it’s hoped it will play a significant role in getting the industry back on its feet.
“Ideally, this measure would be linked to wider provision in respect of construction contracts including a more rapid and effective means of dispute settlement. However, that can now be considered at a later point in time.
“The Bill makes for an even playing field for smaller contractors and sub-contractors when ensuring payments are timely. This has been an on-going problem for many years where small suppliers are left high and dry, after they have completed their work, either because the contractor has gone out of business or is refusing to pay.
“This new legislation will help to bring an end to this practice, and will ensure that small contractors and sub-contractors no longer have to work in fear of not being paid at the end of a project.
“Huge credit must be paid to Senator Fergal Quinn; without his tireless work in the Seanad on this issue, this legislation would not have come to pass.”