Still Not Sure How JCT Payments Work? Let’s Fix That.

Описание: Contracts are often written in a way that makes even straightforward concepts seem complex. In this video, we’ll break down the key dates in an unamended JCT Design & Build contract. These include the timelines for submitting applications, issuing or receiving contractual documentation, and making payments.

To illustrate, here’s a simple example:

Application Date: 28th February 2025 (Day 0)
Due Date: 7th March 2025 (7 days after the Application Date)
Payment Notice: 12th March 2025 (5 days after the Due Date)
Final Date for Payment: 21st March 2025 (14 days after the Due Date)
Pay Less Notice: 16th March 2025 (5 days before the Final Date for Payment)

This structured timeline provides clarity on when actions should be taken to ensure compliance with the contract's terms.

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