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This guidance provides an overview of a contractor’s legal rights and courses of action in the event of late payment of commercial debts. It also includes detailed flow charts and template letters that can be used to help chase any monies owed.
This guidance explains the increasingly common Early Payment Schemes, offered my main contractors to provide shorter payment terms in return for a discount on amounts charged. It provides information from the point of view of the sub-contractor, enabling them to make more reasoned decisions that best suit their company.
This guidance outlines your legal requirements to charge interest on late payments, types of contracts it applies to, substantial remedies, date from which interest can be calculated.
This guidance is available for pdf download only.
Daywork is a method of valuing construction work according to the time spent carrying out work together with the value of the plant and materials resources used. It is an alternative to valuing work by measurement. This guidance outlines when daywork can be charged, how it can be calculated and administration. This guidance is available for pdf download only. 4 pages
Contracts impose obligations on the parties to the contract to complete their works within an agreed period of time. Should the Scaffolding Company fail to complete any of its obligations within the agreed period of time the Employer may be entitled to deduct LAD’s from the Scaffolding Companies account. This guidance outlines the types of liquidated damages, enforcement and considerations. 2 pages
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