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Regulations to legislate prompt payments

4 December 2015

These regulations address a crippling constraint to effective infrastructure development by introducing processes to ensure the life blood of the industry, cash flow, actually flows.They legislate a standard set of payment provisions and introduce adjudication as a mandatory step for resolution of disputes in both the public and private sectors. Home building contracts, as contemplated by the Housing Consumer Protection Act 1998 (Act No. 95 of 1 998), are however excluded from application of the regulations.

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