Withholding notice in construction contracts
The Housing Grants, Construction and Regeneration Act 1996 (also known as the Construction Act) includes provisions to ensure that payments are made promptly throughout the supply chain. One of these provisions is that the client must issue a payment notice within five days of the date for payment, even if no amount is due.
If the client intends to pay less than the amount set out in the payment notice they must issue a pay less notice setting out the basis for their calculation. Before the Act was amended in 2011, this 'pay less notice' was known as a 'withholding notice'.
[edit] Related articles on Designing Buildnigs Wiki
Featured articles and news
Northern Ireland infrastructure advisory board
Country moves one step closer to creating independent body.
Heat pump projections for the next decade
BSRIA examines factors driving the industry.
Ensuring designs are developed, validated and can be effectively implemented.
The Homebuyer Survey most suitable for newer homes or simple properties.
Health and safety practices for body and mind.
Planning in a post-COVID world
28 leading bodies set out their vision for the future.
Updates to Job Support and Self-Employed Grant Schemes
Chancellor announces latest Winter Support packages.
Tapping technology to boost infrastructure and create jobs.
4 ways to ensure certificates are valid.
White elephant construction projects.
How Paul Williams bent over backwards to overcome racial barriers.
CLC SOP recommendations updated
Organisation revises actions around dealing with COVID-19.
CIOB, NFCC, RIBA, RICS call for changes ahead of Building Safety Bill.
Options for carbon neutral homes
Developments in the Future Homes Standard.
Comments
To start a discussion about this article, click 'Add a comment' above and add your thoughts to this discussion page.