Speaking on the debate Minister Hayes stated: "This Government is committed to protecting small building subcontractors that have been denied payments from bigger companies. This legislation is a key issue for the Government and I am pleased that we are progressing it. It is our intention that the new law be enacted as soon as possible.
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"The purpose of the Bill is to help address the issue of non-payment to construction sector contractors, subcontractors and subsubcontractors who have completed work on construction projects. It is essential that a we reduce subcontractors exposure to non-payment and ensure these issues can be dealt with in a more timely manner.
"I would like to extend my thanks to Senator Feargal Quinn who originally introduced the Construction Contracts Bill to the Seanad and has engaged positively with me and the Department of Public Expenditure and Reform to ensure the legislation reflects the outcomes of the Regulatory Impact Assessment (RIA) while providing workable solutions to this key issue."
(CD/GK)
