Seanad debates
Tuesday, 8 March 2011
Construction Contracts Bill 2010: Committee and Remaining Stages
5:00 am
Paul Coghlan (Fine Gael)
Senators Quinn and O'Toole have made the case on why subsection (12) should not stand as it is. We should accept adjudication and cash should flow as a consequence pending arbitration. We should ensure that we do not scupper cash flow to the subcontractor who could be put out of business being a much smaller unit. As Senator O'Toole observed, the big fellows can play hell with this by going to arbitration which will take another two or three years going through the courts, or whatever. I would not mind that as long as the cash flow is not scuppered and can flow following adjudication. The points made by both Senators show the way we must go and therefore I oppose the subsection as it stands.
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