ACEHK (Association of Consulting Engineers Hong Kong) wholeheartedly supports the passage of the Security of Payment Bill. As an organization dedicated to promoting excellence in the engineering consulting industry, we believe that the legislation is crucial for fostering a fair, transparent, and efficient construction industry in Hong Kong.
We are thrilled to share the news of the successful passing of the Security of Payment Bill by the Legislative Council. This landmark legislation marks a significant step forward in ensuring fair and timely payments within the construction industry, fostering a healthier, more transparent, and sustainable working environment for all stakeholders and the most important, wage arrears of construction workers can be reduced significantly.
Together, we look forward to a future where fair payment practices become the standard, driving progress and innovation in the construction sector.