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Payment provision changes

By: Language: English Series: Contract Journal ; 439(6638) 15 August 2007, 24(1)Publication details: 2007Subject(s): Summary: Discusses proposed changes to the payment provisions in the Housing Grants, Construction and Regeneration Act 1996, as outlined in the consultation document (L138559). Looks at the objectives behind the proposed amendments, what the term 'sum due' means, and proposals to prohibit the use of pay-when-certified clauses in construction contracts. Concludes that the revised payment framework will improve communications and cash flow through the contractual chain.
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Journal article London Journal article L139927 (Browse shelf(Opens below)) 1 Available 139927-1001

Discusses proposed changes to the payment provisions in the Housing Grants, Construction and Regeneration Act 1996, as outlined in the consultation document (L138559). Looks at the objectives behind the proposed amendments, what the term 'sum due' means, and proposals to prohibit the use of pay-when-certified clauses in construction contracts. Concludes that the revised payment framework will improve communications and cash flow through the contractual chain.