Tag: post award interest

Construction Industry Payment and Adjudication Act 2012
("CIPAA")

Tag: post award interest

CIPAA Consulting News & Update Background

CASE UPDATE: Adjudicator has Power to Grant Pre-Award Interest in CIPAA

Milsonland Development Sdn Bhd v Macro Resources Sdn Bhd [2017] 8 MLJ 708

In this case, the High Court clarifies that an Adjudicator has the power to grant pre-award interest pursuant to Section 25(O) of CIPAA.

For completion, pre-award Interest, as the name suggests, refers to the interest calculated from the date of the supposed due date of payment until the date of Adjudication Decision.

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