{"id":2315,"date":"2025-03-24T07:19:00","date_gmt":"2025-03-24T07:19:00","guid":{"rendered":"https:\/\/riverchain-wp-dev.technine.com.hk\/?p=2315"},"modified":"2025-05-26T07:20:06","modified_gmt":"2025-05-26T07:20:06","slug":"construction-industry-security-of-payment-ordinance-what-the-construction-industry-should-know-and-do","status":"publish","type":"post","link":"https:\/\/www.riverchain.com\/ch\/construction-industry-security-of-payment-ordinance-what-the-construction-industry-should-know-and-do\/","title":{"rendered":"\u95dc\u65bc\u300a\u5efa\u9020\u696d\u4ed8\u6b3e\u4fdd\u969c\u689d\u4f8b\u300b\uff0c\u4f60\u9700\u8981\u77e5\u9053\u7684\u4e8b"},"content":{"rendered":"
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The recent gazettal of the Construction Industry Security of Payment (\u201cSOP<\/strong>\u201d) Ordinance on 27 December 2024 marks a significant milestone for the construction industry in Hong Kong. This landmark legislation aims to address longstanding payment issues and enhance protections for stakeholders throughout the supply chain. Late payments and cash flow disruptions have long plagued contractors and subcontractors, often leading to project delays and financial instability. By introducing clear payment obligations and a streamlined dispute resolution process, the SOP Ordinance brings Hong Kong in line with global best practices seen in jurisdictions such as the UK, Singapore and Australia. <\/p>\n\n\n\n

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