This is an authoritative and up-to-date review of current construction industry payment practices under Part II of the Housing Grants, Construction and Regeneration Act 1996 for the construction industry. It provides clear and practical guidance on some of the key features of the Act, notably the payment procedures and corresponding structures. With hands-on, in depth experience in this crucial field, the author is well qualified to advise on the law and practice in this area. This book will be invaluable to construction professionals who need a practical understanding of the operation of the Act.
The economic and statutory background The legal and contractual background How the Act works in practice Section 109 and the entitlement to stage and other payments Section 110 - the adequate payment mechanism and the five-day notice Section 111 and the withholding notice Section 113 and the prohibition of conditional payment provisions Section 112 and the right of suspension Applying the payment provisions of the scheme for construction contracts the link to other statutory remedies and procedures Late payment - is it a continuing problem and what is next? Appendices Bibliography
Construction contracts - Great Britain, Payment - Great Britain, Laws of Specific jurisdictions, Building construction & materials