Team Services plc v Kier Management and Design Ltd
Team Services plc v Kier Management and Design Ltd
- 1992
- Construction Industry Law Letter 1992 CILL 786-787(2) .
ORC 5 October 1992. Claimants (T) were subcontractors to the defendants (K). T contended that K were entitled to deduct a cash discount from the imterim payments only if the interim payments were made within the time agreed by the subcontract and additional documents. It was "held" that discount deductable should be treated differently from deduction of retention monies and amounts previously paid. K`s entitlement to deduct cash discounts from interim payments was dependant upon payment of interim payments within the time required by the subcontract. (ABS47169)
BUILT ENVIRONMENT-BUILDING CONTRACT FORMS
CASH DISCOUNT
CONTRACT CLAIMS
INTERIM PAYMENTS
RETENTION MONIES
SUBCONTRACT CLAIMS
ORC 5 October 1992. Claimants (T) were subcontractors to the defendants (K). T contended that K were entitled to deduct a cash discount from the imterim payments only if the interim payments were made within the time agreed by the subcontract and additional documents. It was "held" that discount deductable should be treated differently from deduction of retention monies and amounts previously paid. K`s entitlement to deduct cash discounts from interim payments was dependant upon payment of interim payments within the time required by the subcontract. (ABS47169)
BUILT ENVIRONMENT-BUILDING CONTRACT FORMS
CASH DISCOUNT
CONTRACT CLAIMS
INTERIM PAYMENTS
RETENTION MONIES
SUBCONTRACT CLAIMS