Raising some interest
Bingham, T.
Raising some interest - 2001 - Building 266(8167) 2 February 2001, 63(1) .
Discusses the Late Payment of Commercial Debts (Interest) Act 1998 which has introduced an interest rate of 8% above the Bank of England base rate for late payments for contracts entered into from 1 November 2000 by small businesses. A small business is defined in the Act has having 50 or fewer employees on the day the contract was signed. Notes that this will have greatest impact in adjudication claims.
MANAGEMENT-DISPUTE AVOIDANCE, MANAGEMENT AND RESOLUTION-DISPUTE MANAGEMENT AND RESOLUTION-ALTERNATIVE DISPUTE RESOLUTION-ADJUDICATION
CONTRACTORS
Contracts
DEBTS
INTEREST
LATE PAYMENT OF COMMERCIAL DEBTS (INTEREST) ACT 1998
SMALL BUSINESSES
Raising some interest - 2001 - Building 266(8167) 2 February 2001, 63(1) .
Discusses the Late Payment of Commercial Debts (Interest) Act 1998 which has introduced an interest rate of 8% above the Bank of England base rate for late payments for contracts entered into from 1 November 2000 by small businesses. A small business is defined in the Act has having 50 or fewer employees on the day the contract was signed. Notes that this will have greatest impact in adjudication claims.
MANAGEMENT-DISPUTE AVOIDANCE, MANAGEMENT AND RESOLUTION-DISPUTE MANAGEMENT AND RESOLUTION-ALTERNATIVE DISPUTE RESOLUTION-ADJUDICATION
CONTRACTORS
Contracts
DEBTS
INTEREST
LATE PAYMENT OF COMMERCIAL DEBTS (INTEREST) ACT 1998
SMALL BUSINESSES