Payment in construction contracts (generic payer led)—flowchart


Published by a ³ÉÈËÓ°Òô Construction expert
Flowcharts

Payment in construction contracts (generic payer led)—flowchart


Published by a ³ÉÈËÓ°Òô Construction expert

Flowcharts
imgtext

This flowchart illustrates a generic, payer-led payment process under a construction contract between an employer and contractor. The process is compliant with

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Related legal acts:

Popular documents

Time at large in construction contracts

Time at large in construction contractsThis Practice Note examines the concept of ‘time at large’ in relation to the completion of works under a construction contract, including what time at large means, how it occurs and what the consequences are of time becoming at large (including what

Pay less notice

Pay less noticeNotice of payer’s intention to pay less than the notified sumReference: [insert appropriate reference to the contract and project]Date: [insert date]To: [insert recipient’s name]Payment due date: [insert the relevant due date of the payment, determined in accordance with the

What is the difference between termination, determination and a voided contract?

What is the difference between termination, determination and a voided contract?In respect of commercial contracts, under English law there is no significant difference between the terms ‘termination’ and ‘determination’.A contract can be terminated or determined where a party to a contract conducts

Retention of payment in construction contracts

Retention of payment in construction contractsThe concept of a retention from interim payments is commonplace in commercial construction contracts, particularly standard form ones.What is retention?Retention is the name given to the money the employer retains from interim payments as security for