Category Archives: Payment
Project Bank Accounts, often abbreviated to ‘PBAs’, are ring-fenced accounts whose only purpose is to channel payments, for construction projects, to Contractors and certain Subcontractors and Suppliers. This has the effect of both ensuring payment is made on time to those beneficiaries of the account and ensuring that beneficiaries are … read more…
A recent High Court decision will have significant impact on many main contractors and subcontractors that have a ‘payment schedule’ within their contracts. In Grove Developments Limited v Balfour Beatty Regional Construction Limited [2016] EWHC 168 (TCC) the court determined that a contractor was not entitled to any further interim … read more…
Amendments to Late Payment legislation includes an incentive to reduce long payment periods read more…
An explanation of payment notices and how to get paid read more…
The new Construction Act’s one year birthday read more…