As noted in their earlierpress release, JCT have made some alterations to the payment and insurance provisions, with the intention of making both easier to manage.The payment section has been reviewed and streamlined, with the introduction of the concept of interim valuation dates, and the remova...
each party can now issue a Pay Less or Final Payment Notice a 14-day period is applied to both interim and final payments application of Interim Valuation Dates and the due date for final amount amended to include payments up to the end of the Rectification Period or the date of the Notic...