🏡 Construction payment notice
A construction payment notice is a notice given by one party to another in a construction contract, typically from the contractor to the sub-contractor, specifying the amount of money due for work completed. The notice may also be used to request payment for work to be done.
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Withholding Notice (Construction Contract)
The template outlines the relevant details such as project information, parties involved, and the specific reasons for withholding payment. It incorporates the necessary legal language and provisions required by UK law to ensure compliance and protection of both parties' rights. Additionally, it may include the amount being withheld, the date the notice is being issued, and any applicable deadlines for rectifying the mentioned issues.
By using this template, it allows the withholding party to communicate their concerns clearly and formally to the contractor, highlighting any breach or non-compliance that has occurred under the construction contract. This document serves as a vital tool in resolving disputes and initiating discussions for potential resolution prior to progressing to more formal legal actions or arbitration.
It is important to note that the Withholding Notice (Construction Contract) template under UK law should be reviewed by legal professionals who are specialized in construction law or litigation to ensure its suitability and compliance with the specific circumstances and jurisdiction.
Publisher
Genie AIJurisdiction
England and WalesAssociated business activities
Withhold payment
If a contractor feels they haven't been paid in full, they may withhold payment to get the attention of the person who owes them money.
Create payment notice
If you are owed money, you can create a payment notice to remind the other party to pay you.
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