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Penalties for late payments

Language: English Series: Financial Times ; 11 February 1994, 7 | Building ; 259(7831) 18 February 1994, 10(1)Publication details: 1994Subject(s): Summary: A DoE consultation paper proposes new clauses in building contracts for public sector works of over £5bn, requiring subcontractors to be paid within 17 days of the architect issuing payment certificates.

A DoE consultation paper proposes new clauses in building contracts for public sector works of over £5bn, requiring subcontractors to be paid within 17 days of the architect issuing payment certificates.