Payment schedule - Revision history

Designing Buildings at 09:35, 10 August 2022

2022-08-10T09:35:30Z

← Older revision		Revision as of 09:35, 10 August 2022
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	As a result of this, contracts should set out how payments will be made if the works continue beyond the timeframe initially anticipated.		As a result of this, contracts should set out how payments will be made if the works continue beyond the timeframe initially anticipated.

−	~~[[File:DBWCTA c link construction payment mechanisms ebook.png\|link=https://hubs.la/H0NmWfl0]]~~	+	= Related articles on Designing Buildings =
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−	= Related articles on Designing Buildings ~~Wiki~~ =	+

	* Cash flow in construction.		* Cash flow in construction.
−	* Construction contract.
	* Contract sum.		* Contract sum.
	* Due date.		* Due date.
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	* Pay less notice.		* Pay less notice.
	* Payment notice.		* Payment notice.
−	* Programme.
	* Remedies for late payment.		* Remedies for late payment.
	* Schedule.		* Schedule.

	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]]		[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]]

Designing Buildings at 10:59, 21 May 2021

2021-05-21T10:59:27Z

← Older revision		Revision as of 10:59, 21 May 2021
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	As a result of this, contracts should set out how payments will be made if the works continue beyond the timeframe initially anticipated.		As a result of this, contracts should set out how payments will be made if the works continue beyond the timeframe initially anticipated.
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		+	[[File:DBWCTA c link construction payment mechanisms ebook.png\|link=https://hubs.la/H0NmWfl0]]

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

Designing Buildings at 08:11, 1 October 2020

2020-10-01T08:11:20Z

← Older revision		Revision as of 08:11, 1 October 2020
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	As a result of this, contracts should set out how payments will be made if the works continue beyond the timeframe initially anticipated.		As a result of this, contracts should set out how payments will be made if the works continue beyond the timeframe initially anticipated.
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−	~~[[File:DBWCTA0003.png\|link=http://zpr.io/tcq6h]]~~

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

Designing Buildings at 07:56, 17 September 2020

2020-09-17T07:56:21Z

← Older revision		Revision as of 07:56, 17 September 2020
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	* Schedule.		* Schedule.

−	[[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]]

Designing Buildings at 08:17, 6 May 2020

2020-05-06T08:17:17Z

← Older revision		Revision as of 08:17, 6 May 2020
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	As a result of this, contracts should set out how payments will be made if the works continue beyond the timeframe initially anticipated.		As a result of this, contracts should set out how payments will be made if the works continue beyond the timeframe initially anticipated.
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		+	[[File:DBWCTA0003.png\|link=http://zpr.io/tcq6h]]

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

Designing Buildings at 10:31, 5 May 2020

2020-05-05T10:31:31Z

← Older revision		Revision as of 10:31, 5 May 2020
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	As a result of this, contracts should set out how payments will be made if the works continue beyond the timeframe initially anticipated.		As a result of this, contracts should set out how payments will be made if the works continue beyond the timeframe initially anticipated.

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

	* Cash flow in construction.		* Cash flow in construction.

213.152.245.226 at 16:35, 4 January 2019

2019-01-04T16:35:49Z

← Older revision		Revision as of 16:35, 4 January 2019
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	The Housing Grants, Construction and Regeneration Act 1996 was introduced with the purpose of ensuring that payments are made promptly throughout the supply chain and that disputes are resolved swiftly. Among the provisions included in the act was the right to be paid in interim, periodic or stage payments. Amendments made in 2011, established that dates for payments must be set out in the construction contract.		The Housing Grants, Construction and Regeneration Act 1996 was introduced with the purpose of ensuring that payments are made promptly throughout the supply chain and that disputes are resolved swiftly. Among the provisions included in the act was the right to be paid in interim, periodic or stage payments. Amendments made in 2011, established that dates for payments must be set out in the construction contract.

−	By including a payment schedule in the contract, setting out who needs to do what and by when, the likelihood of parties getting dates wrong (e.g. employer failing to serve a payment notice on time, or a contractor failing to serve an application for payment on the right date), can be reduced, and so ~~there is~~ disputes are less likely.	+	By including a payment schedule in the contract, setting out who needs to do what and by when, the likelihood of parties getting dates wrong (e.g. employer failing to serve a payment notice on time, or a contractor failing to serve an application for payment on the right date), can be reduced, and so disputes are less likely.

	A payment schedule will usually include the following details:		A payment schedule will usually include the following details:

Editor at 08:41, 13 April 2018

2018-04-13T08:41:11Z

← Older revision		Revision as of 08:41, 13 April 2018
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	* The estimated total construction contract amount.		* The estimated total construction contract amount.

−	NB, In the case of Grove Developments Ltd v Balfour Beatty Regional Construction Ltd [2016] it was found that because the parties to the contract had not agreed to extend the payment schedule in the event that the works took longer to complete than expected, Balfour Beatty was not entitled to further interim payments and that the Scheme for Construction Contracts did not apply as there had been an adequate mechanism for payment.	+	NB: In the case of Grove Developments Ltd v Balfour Beatty Regional Construction Ltd [2016] it was found that because the parties to the contract had not agreed to extend the payment schedule in the event that the works took longer to complete than expected, Balfour Beatty was not entitled to further interim payments and that the Scheme for Construction Contracts did not apply as there had been an adequate mechanism for payment.

	As a result of this, contracts should set out how payments will be made if the works continue beyond the timeframe initially anticipated.		As a result of this, contracts should set out how payments will be made if the works continue beyond the timeframe initially anticipated.

Designing Buildings at 08:03, 13 April 2018

2018-04-13T08:03:34Z

← Older revision		Revision as of 08:03, 13 April 2018
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	NB, In the case of Grove Developments Ltd v Balfour Beatty Regional Construction Ltd [2016] it was found that because the parties to the contract had not agreed to extend the payment schedule in the event that the works took longer to complete than expected, Balfour Beatty was not entitled to further interim payments and that the Scheme for Construction Contracts did not apply as there had been an adequate mechanism for payment.		NB, In the case of Grove Developments Ltd v Balfour Beatty Regional Construction Ltd [2016] it was found that because the parties to the contract had not agreed to extend the payment schedule in the event that the works took longer to complete than expected, Balfour Beatty was not entitled to further interim payments and that the Scheme for Construction Contracts did not apply as there had been an adequate mechanism for payment.
		+
		+	As a result of this, contracts should set out how payments will be made if the works continue beyond the timeframe initially anticipated.

	= Find out more =		= Find out more =

Designing Buildings at 07:57, 13 April 2018

2018-04-13T07:57:46Z

← Older revision		Revision as of 07:57, 13 April 2018
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	* The timeframe within which the project will be completed.		* The timeframe within which the project will be completed.
	* The estimated total construction contract amount.		* The estimated total construction contract amount.
		+
		+	NB, In the case of Grove Developments Ltd v Balfour Beatty Regional Construction Ltd [2016] it was found that because the parties to the contract had not agreed to extend the payment schedule in the event that the works took longer to complete than expected, Balfour Beatty was not entitled to further interim payments and that the Scheme for Construction Contracts did not apply as there had been an adequate mechanism for payment.

	= Find out more =		= Find out more =