JOHOR, Dec 9 (Bernama) --  The Asian International Arbitration Centre (the “AIAC”) is embarking on its third series of Roadshows for its Standard Form of Building Contracts (the “SFCs”) to familiarise key industry players with the AIAC SFCs, which include the AIAC 2019 SFC Main and Sub-Contracts (the “AIAC 2019 SFCs”), Design and Build Contracts, as well as Minor Works Contracts.

The AIAC previously held its SFC Roadshows in Kuala Lumpur, Penang, Sabah, and Sarawak. The AIAC held its last SFC Roadshow for this year in Johor on 5^th December 2019. The AIAC strives to cover as many regions as possible in order to share and spread knowledge on the best practices within the construction industry.

This year, the SFCs Roadshows focus not only on the key features of the SFCs, but also how Arbitration, Adjudication, and Mediation play a role in the AIAC SFCs. Participants learned from the AIAC SFC Expert Advisory Committee, which comprises of construction industry experts, about how the SFCs cater to the construction industry’s best practices and the amendments made to best suit its users. Additionally, the experts explained the relationship between the SFCs and alternative dispute resolution mechanisms in fostering an environment of dispute avoidance.

The topics covered in the Roadshow by AIAC’s Expert Advisory Committee were:

The Roadshow pointed out the key features of the AIAC 2019 SFCs. One of them is the introduction of the role of the Contract Administrator to enable Architects, Quantity Surveyors, Engineers, and other construction stakeholders to go onboard building projects and broaden the scope of their roles. Additionally, the AIAC 2019 SFCs are a unified single contract, without the distinction between with or without quantities, which allows for more efficiency and for the parties to customize the contract to their specific needs.

The Johor Roadshow was attended by more than 100 construction professionals, lawyers, quantity surveyors, academicians, and other interested stakeholders.

To download a free copy of AIAC's SFC, please visit http://sfc.aiac.world. If you have any questions, please reach the AIAC SFC team at sfc@aiac.world.

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SOURCE: Asian International Arbitration Centre

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Anne Wong
Business Development Manager
Asian International Arbitration Centre
Tel:  +6012 908 8017/ +603 2271 1130 / +603 2271 1010

--BERNAMA