SoS Transport v Birse-Farr Joint Venture
SoS Transport v Birse-Farr Joint Venture
- 1994
- Construction Industry Law Letter (1994) CILL 903-904(2) .
Commercial Court 7 April 1993. Dispute had arisen between B, a contractor, and S over a variation to the concrete specification. At arbitration B`s contention that it was under certified by the engineer to the sum of £291,213 was supported. B also claimed compound interest under ICE Conditions 5th editions Cl 60(6) for both the present and previous under-certifications. Interest was granted and S appealed. The court agreed that Cl 60(6) did not allow for compound interest.
CIVIL ENGINERRING CONTRACTS
CLAIMS
COMPOUND INTEREST
ICE CONDITIONS OF CONTRACT 5TH EDITION CL60(6)
MORGAN GRENFELL V SEVEN SEAS
UNDER-CERTIFICATION
Commercial Court 7 April 1993. Dispute had arisen between B, a contractor, and S over a variation to the concrete specification. At arbitration B`s contention that it was under certified by the engineer to the sum of £291,213 was supported. B also claimed compound interest under ICE Conditions 5th editions Cl 60(6) for both the present and previous under-certifications. Interest was granted and S appealed. The court agreed that Cl 60(6) did not allow for compound interest.
CIVIL ENGINERRING CONTRACTS
CLAIMS
COMPOUND INTEREST
ICE CONDITIONS OF CONTRACT 5TH EDITION CL60(6)
MORGAN GRENFELL V SEVEN SEAS
UNDER-CERTIFICATION