De minimis in construction - Revision history

Designing Buildings at 08:01, 29 March 2022

2022-03-29T08:01:47Z

← Older revision		Revision as of 08:01, 29 March 2022
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	For more information, see Money laundering.		For more information, see Money laundering.

−	NB The [https://stats.oecd.org/glossary/ glossary of statistical terms], published by the Organisation for Economic Co-operation and Development (OECD), de ~~minimus~~ creditors as: ‘Minor creditors that are exempted from debt restructuring to simplify implementation of the Paris Club restructuring agreements. Their claims are payable in full as they fall due. An exposure limit defining a minor creditor is specified in each Agreed Minute.’	+	NB The [https://stats.oecd.org/glossary/ glossary of statistical terms], published by the Organisation for Economic Co-operation and Development (OECD), defines de minimis creditors as: ‘Minor creditors that are exempted from debt restructuring to simplify implementation of the Paris Club restructuring agreements. Their claims are payable in full as they fall due. An exposure limit defining a minor creditor is specified in each Agreed Minute.’

	= Related articles on Designing Buildings =		= Related articles on Designing Buildings =

Designing Buildings at 08:00, 29 March 2022

2022-03-29T08:00:43Z

← Older revision		Revision as of 08:00, 29 March 2022
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	For more information, see Money laundering.		For more information, see Money laundering.

−	= Related articles on Designing Buildings ~~Wiki~~ =	+	NB The [https://stats.oecd.org/glossary/ glossary of statistical terms], published by the Organisation for Economic Co-operation and Development (OECD), de minimus creditors as: ‘Minor creditors that are exempted from debt restructuring to simplify implementation of the Paris Club restructuring agreements. Their claims are payable in full as they fall due. An exposure limit defining a minor creditor is specified in each Agreed Minute.’
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		+	= Related articles on Designing Buildings =

	* Beneficial occupation.		* Beneficial occupation.
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	* Snagging construction works.		* Snagging construction works.

−	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Legislation]] [[Category:Regulations]] [[Category:Standards_/_measurements]] [[Category:Contracts_/_payment]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Legislation]] [[Category:Regulations]] [[Category:Standards_/_measurements]] [[Category:Contracts_/_payment]] [[Category:Disambiguation]]

Designing Buildings at 07:30, 7 November 2020

2020-11-07T07:30:45Z

← Older revision		Revision as of 07:30, 7 November 2020
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	For more information, see Money laundering.		For more information, see Money laundering.

−	~~= Find out more =~~	+	= Related articles on Designing Buildings Wiki =
−		+
−	=== Related articles on Designing Buildings Wiki ===	+

	* Beneficial occupation.		* Beneficial occupation.
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	* Snagging construction works.		* Snagging construction works.

−	[[Category:~~Regulations~~]] [[Category:~~DCN_Regulation~~]] [[Category:~~Standards_/_measurements~~]] [[Category:~~DCN_Standard~~]] [[Category:Contracts_/_payment]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Legislation]] [[Category:Regulations]] [[Category:Standards_/_measurements]] [[Category:Contracts_/_payment]]

Designing Buildings at 07:31, 6 June 2018

2018-06-06T07:31:28Z

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−	De minimis is a legal term which is derived from a Latin expression referring to things that are too minimal or unimportant to be considered. It is taken from ~~the~~ longer phrase which translates as ‘the law does not concern itself with trifles’. What this means in practice is that generally the law does not encourage parties to pursue legal action for breaches of rules or agreements where the impact is minimal.	+	De minimis is a legal term which is derived from a Latin expression referring to things that are too minimal or unimportant to be considered. It is taken from a longer phrase which translates as ‘the law does not concern itself with trifles’. What this means in practice is that generally the law does not encourage parties to pursue legal action for breaches of rules or agreements where the impact is minimal.

−	In a construction ~~context~~, de minimis ~~exceptions can be included in contracts as a means of limiting the application of covenants~~ in ~~circumstances where they have negligible impact if they are not observed~~.	+	In a construction, the term 'de minimis' often arises in relation to practical completion.

−	~~In the context of money laundering~~, the ~~Proceeds~~ of ~~Crime Act 2002 effectively created notifiable incidents arising in situations that many would not consider as falling within~~ the ~~definition of ‘money laundering’,~~ and ~~sets no de minimis limit~~. ~~In other words~~, ~~a deliberate under-declaration of one’s own tax liability~~, ~~even of only a few pounds~~, ~~is a money laundering offence~~.	+	Practical completion is often certified when there are de minimis (very minor) items 'not affecting beneficial occupancy' that remain incomplete and that can be put right without undue interference or disturbance to occupants, i.e. the client is able to take possession of the works and use them for their intended purpose. However, the legal basis for this is not clear, and unless the contract states otherwise, if the works are not complete, practical completion need not be certified.

−	For more information, see ~~Money laundering~~.	+	For more information see: Practical completion.

−	~~Practical completion is often certified when there are de~~ minimis ~~(very~~ minor~~) items 'not affecting beneficial occupancy'~~ that ~~remain incomplete and that can~~ be ~~put right without undue interference or disturbance to occupants, i.e~~. ~~the client is able~~ to ~~take possession~~ of the ~~works and use them for their intended purpose. The legal basis~~ for ~~this is not clear however. Unless the contract states otherwise~~, ~~if the works are not complete~~, the ~~client is not obliged to take possession of them~~.	+	In relation to party wall issues, ‘de minimis works’ are those that may be so minor that service of a notice under the Party Wall Act would be generally regarded as not necessary. The government’s explanatory booklet gives examples of ‘de minimis works’ as those unlikely to affect the structural strength or support functions of a party structure or cause damage to the neighbour’s side of it, such as re-plastering, shallow chasing for electrical wiring or inserting power sockets, and screws to support shelves, kitchen cupboards, and the like.

−	~~For more information~~, ~~see Practical completion~~.	+	In contrast, in the context of money laundering, the Proceeds of Crime Act 2002 effectively created notifiable incidents arising in situations that many would not consider as falling within the definition of ‘money laundering’, and sets no de minimis limit. In other words, a deliberate under-declaration of one’s own tax liability, even of only a few pounds, could be considered a money laundering offence.

−	~~In relation to party wall issues~~, ‘de minimis works’ are those that may be so minor that service of the required notice under the Party Wall Act would be generally regarded as not necessary. The government’s explanatory booklet gives examples of ‘de minimis works’ as those unlikely to affect the structural strength or support functions of a party structure or cause damage to the neighbour’s side of it, such as re-plastering, shallow chasing for electrical wiring or inserting power sockets, and screws to support shelves, kitchen cupboards, and the like.	+	For more information, see Money laundering.

	= Find out more =		= Find out more =
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	* Snagging construction works.		* Snagging construction works.

−	[[Category:Regulations]] [[Category:Standards_/_measurements]] [[Category:Contracts_/_payment]]	+	[[Category:Regulations]] [[Category:DCN_Regulation]] [[Category:Standards_/_measurements]] [[Category:DCN_Standard]] [[Category:Contracts_/_payment]]

Editor: Created page with "De minimis is a legal term which is derived from a Latin expression referring to things that are too minimal or unimportant to be considered. It is taken from the longer phrase w..."

2018-06-04T14:42:44Z

Created page with "De minimis is a legal term which is derived from a Latin expression referring to things that are too minimal or unimportant to be considered. It is taken from the longer phrase w..."

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De minimis is a legal term which is derived from a Latin expression referring to things that are too minimal or unimportant to be considered. It is taken from the longer phrase which translates as ‘the law does not concern itself with trifles’. What this means in practice is that generally the law does not encourage parties to pursue legal action for breaches of rules or agreements where the impact is minimal.

In a construction context, de minimis exceptions can be included in contracts as a means of limiting the application of covenants in circumstances where they have negligible impact if they are not observed.

In the context of money laundering, the Proceeds of Crime Act 2002 effectively created notifiable incidents arising in situations that many would not consider as falling within the definition of ‘money laundering’, and sets no de minimis limit. In other words, a deliberate under-declaration of one’s own tax liability, even of only a few pounds, is a money laundering offence.

For more information, see Money laundering.

Practical completion is often certified when there are de minimis (very minor) items 'not affecting beneficial occupancy' that remain incomplete and that can be put right without undue interference or disturbance to occupants, i.e. the client is able to take possession of the works and use them for their intended purpose. The legal basis for this is not clear however. Unless the contract states otherwise, if the works are not complete, the client is not obliged to take possession of them.

For more information, see Practical completion.

In relation to party wall issues, ‘de minimis works’ are those that may be so minor that service of the required notice under the Party Wall Act would be generally regarded as not necessary. The government’s explanatory booklet gives examples of ‘de minimis works’ as those unlikely to affect the structural strength or support functions of a party structure or cause damage to the neighbour’s side of it, such as re-plastering, shallow chasing for electrical wiring or inserting power sockets, and screws to support shelves, kitchen cupboards, and the like.

= Find out more =

=== Related articles on Designing Buildings Wiki ===

* Beneficial occupation.
* Certificate of making good defects.
* Defects in construction.
* Money laundering.
* Party Wall Act.
* Practical completion.
* Remedial work.
* Schedule of defects.
* Snagging construction works.

[[Category:Regulations]] [[Category:Standards_/_measurements]] [[Category:Contracts_/_payment]]