JCT Explains…Interim Payments
JCT Explains…Interim Payments In this feature for JCT News, we break down some of the key sections and clauses within the JCT contract to explain and provide more information about how these elements function in practice. The issue looks in more detail at the process of interim payments. Interim payment procedure under the JCT Standard Building Contract 2024 Generally, the provisions relating to valuation, certificates, notices and payment (interim and final) are the same or similar for many of the JCT main and sub-contracts. In…