In this article, Chris Dickson, CMS, explains how the recent court case decision confirms the previous finding that the payment terms linking the final payment date to an invoice are not in line with the UK Construction Act. Following the UK decision in Rochford Construction Ltd v. Kilhan Construction Ltd [2020], the October 2020 amendments to the Y(UK)2 clause in NEC4 Professional Service Contract (PSC), Term Service Contract (TSC) and Design Build and Operate Contract (DBOC), address this issue to ensure they no longer linked final dates for payment to submission of an invoice. #payment #contract #service #professionalservice #design

Posted by Panumas from NEC Contracts at 2024-04-10 08:47:34 UTC