Zero Retention?
We are all familiar with cash retention whereby the client holds a % of payment for completed works until it is deemed completed free of defects.
We are all familiar with cash retention whereby the client holds a % of payment for completed works until it is deemed completed free of defects.
Here is our TCC Annual Claims Report 2017-2018. In the recently released Annual Report for 2017-2018 from the Technology and Construction Court (TCC); in the period from October 2017 to September 2018 the statics present there were 428 new claims brought to the London TCC, up by 50 (or 13%) of new claims from the…
Welcome to our Autumn Edition Newsletter! Autumn Edition 2019 Newsletter Download PDF Please note. The information provided on this website is NOT LEGAL ADVICE and is for information purposes only. No action or inaction should be taken due to this information or any reliance placed upon this information. Please note where legal advice is required…
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So What Constitutes ‘Practical Completion’?
The answer really depends upon the form of contract under which the works are being delivered. However, the general understanding across the industry is that Practical Completion (or ‘PC’ as it is also known) marks the end of the Substantive Works and the commencement of the defects liability period.