Raising some interest
Series: Building ; 266(8167) 2 February 2001, 63(1)Publication details: 2001Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS63383 (Browse shelf(Opens below)) | 1 | Available | 110781-1001 |
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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.