Talk:Payment due date in the construction industry - Revision history

Designing Buildings at 09:30, 10 August 2022

2022-08-10T09:30:25Z

← Older revision		Revision as of 09:30, 10 August 2022
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−	~~The article references the 1996 Act, not the 2011 Act.~~
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	Thank you for the comments below. The article has been updated.		Thank you for the comments below. The article has been updated.

195.171.176.86 at 12:17, 6 August 2020

2020-08-06T12:17:37Z

← Older revision		Revision as of 12:17, 6 August 2020
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		+	The article references the 1996 Act, not the 2011 Act.
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	Thank you for the comments below. The article has been updated.		Thank you for the comments below. The article has been updated.

Designing Buildings: moved Talk:Due date for payments in the construction industry to Talk:Payment due date in the construction industry

2019-03-20T08:00:29Z

moved Talk:Due date for payments in the construction industry to Talk:Payment due date in the construction industry

← Older revision

Revision as of 08:00, 20 March 2019

Designing Buildings at 07:59, 20 March 2019

2019-03-20T07:59:09Z

← Older revision		Revision as of 07:59, 20 March 2019
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		+	Thank you for the comments below. The article has been updated.
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	I cannot agree with the article.		I cannot agree with the article.

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	Under The Scheme for Construction Contracts, if a construction contract fails to provide an adequate mechanism for determining when a payment becomes due, the payment shall become due, that is, payable on the later of 7 days after the [assessment date] or the making of a claim by the payee. The 'final date for payment' is 17 days after the date that payment became due.		Under The Scheme for Construction Contracts, if a construction contract fails to provide an adequate mechanism for determining when a payment becomes due, the payment shall become due, that is, payable on the later of 7 days after the [assessment date] or the making of a claim by the payee. The 'final date for payment' is 17 days after the date that payment became due.

−	Moreover, under the Late Payment of Commercial Debts (Interest) Act 1998 the 'payment due date' and not the 'final date for payment' will be an 'agreed payment day' from which statutory interest will begin to run.~~<br />~~	+	Moreover, under the Late Payment of Commercial Debts (Interest) Act 1998 the 'payment due date' and not the 'final date for payment' will be an 'agreed payment day' from which statutory interest will begin to run.

81.150.178.35: Created page with "I cannot agree with the article. The 'payment due date' and the 'final date for payment' should not be confused. Please refer to the defiinition contained in Section 110A(6) of..."

2019-03-19T16:56:53Z

Created page with "I cannot agree with the article. The 'payment due date' and the 'final date for payment' should not be confused. Please refer to the defiinition contained in Section 110A(6) of..."

New page

I cannot agree with the article.

The 'payment due date' and the 'final date for payment' should not be confused.

Please refer to the defiinition contained in Section 110A(6) of the Housing Grants, Construction and Regeneration Act 1996 'payment due date' means 'the date on which the payment is due' and not the date on which the payment process is invoked. The 'payment due date' is the date by which the payee should receive payment.

The 'final date for payment' is the date after which the payee can give notice under Section 112 of the Act to suspend performance of the contract because the payee has not received payment.

Under The Scheme for Construction Contracts, if a construction contract fails to provide an adequate mechanism for determining when a payment becomes due, the payment shall become due, that is, payable on the later of 7 days after the [assessment date] or the making of a claim by the payee. The 'final date for payment' is 17 days after the date that payment became due.

Moreover, under the Late Payment of Commercial Debts (Interest) Act 1998 the 'payment due date' and not the 'final date for payment' will be an 'agreed payment day' from which statutory interest will begin to run.<br />