JCT Minor Works 2016: payment made easy
Our latest JCT 2016 Edition blog explains the new payment process in the JCT Minor Works Building Contract… The interim payment process need not be difficult. Actually, it is quite straightforward under the JCT framework for payment, which complies with the requirements of legislation and reflects the fair payment charter. An easy way to understand the process is to recognise that the Interim Valuation Date (a defined term in the contract), which also applies to JCT sub-contracts and sub-sub contracts, is the key factor in…