Team Services plc v Kier Management and Design Ltd
Language: English Series: Construction Industry Law Letter ; 1992 CILL 786-787(2)Publication details: 1992Subject(s): Summary: 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)| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | ABS47592 (Browse shelf(Opens below)) | 1 | Available | 62576-1001 |
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)