WebOption Y(UK)2 – Housing Grants, Construction and Regeneration Act 1996 151 121. Option Z – additional conditions of contract 151 122. Resolving disputes using secondary Options 151 123. Summary 152 Index 153 viii. Foreword There is a real possibility that this book will do more good for WebJan 1, 2013 · NEC have incorporated the changes in a revised optional clause Y(UK) 2. The main result is that the contracts now specifically identify payment due dates, and default timescales. (See JCT SBC 2011 Clause 4.9.1). ... Both publishers include the option for the Contractor to make an application not more than seven days before the due date.

The New Construction Act – Amendments To NEC3 Contracts

WebSecondary option Y (UK)1: project bank accounts The optional drafting that provides for a project bank account (PBA) to be established and used has been updated across a … Web2. At Y2.2 it says the date on which payment becomes due is 7 days after the “assessment date”. That “due date” and the 7 days leading up to the due date agrees precisely with what the fair payment rules require. But the actual “Assessment Date” must hence forth be … floating pod therapy

The Second Set of NEC4 Amendments – What Do You Need to …

http://nec-adjudicators.org/articles/tony-bingham/52-fair-payment-under-nec-3-construction-contracts WebThis relates to Secondary Option Y (UK)2. This follows the decision of the TCC in the case of Rochford Construction –v- Kilhan Construction, which found dates tied to an event or mechanism such as invoice would not be compliant with the Construction Act. WebMar 4, 2024 · The Secondary Option Y (UK)2, a clause which is used to ensure compliance with the Construction Act, has been amended in the NEC4 Contract that links the “Final … floating point addition verilog