
Payment | 27 March 2024
What is the difference between a payment notice and a pay less notice in a construction contract?
Both payment notices and pay less notices are important components related to the payment process. These terms are specifically associated with the requirements outlined in the Housing Grants, Construction and Regeneration Act 1996 (Construction Act). Here is a brief explanation of each: 1. Payment Notice:A payment notice is a document provided by the party making a payment (payer) to the...
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