We are pleased to share that Christopher & Lee Ong’s (CLO) Projects & Infrastructure Partner, Siaw Wan Lim, and Senior Associate, Chris Tan, have authored the Malaysia chapter of the Chamber’s Construction 2024 Global Practice Guide. This comprehensive guide offers invaluable and practical insights into the latest legal and market trends shaping the construction sector across the globe.
The Malaysia chapter promises to take you through an exploration and analysis of the legal framework and common issues surrounding the construction industry and construction contracts in Malaysia.
The following key topics are covered under the “Law and Practice” section of this guide:
- Governing Law and Standard Contracts: An overview of the legislations, legal framework and standard construction contracts that underpin construction projects.
- Roles of Key Stakeholders: Insights into the responsibilities and interactions of various stakeholders involved in construction projects.
- Works: A detailed guide on the essential contractual provisions governing the construction activities, including the permits required, variation, defects and defects liability period, etc.
- Contract Pricing and Time: Analysis of pricing and extension of time mechanisms and strategies for effective contract management.
- Liability and Risk Management: Strategies for identifying, managing and mitigating risks associated with construction projects.
- Insurance and Securities: Guidance on the insurance requirements and bank guarantees provisions for safeguarding interests in construction projects.
- Contract Administration: Best practices for the administration and management of construction contracts.
- Remedies and Dispute Resolution: An examination of the legal remedies available and the mechanisms for resolving disputes in construction projects.
In the “Trends and Development” section, we explore key policies and initiatives in Malaysia to integrate the environmental, social, and governance (ESG) frameworks into the construction industry, as well as the use of smart contracts and standard form contracts in the construction industry in Malaysia.
The Chamber’s Construction 2024 Global Practice Guide is an indispensable resource for staying ahead in the construction industry. We are confident that this guide will keep our clients well-informed and adept at navigating the complexities and opportunities within the Malaysian construction market.
For more information, click here to read the full Guide.
