Contract payment mechanisms: be prepared or pay the price

Fenwick Elliott Senior Associates, Rebecca Ardagh and Adele Parsons, consider the latest legal developments in contractual payment mechanisms in construction contracts. The discussion will cover useful reminders regarding contract logistics and deadlines, how to avoid being caught out of pocket both in respect of interim payments and final accounts and/or final statements, and how the latter can be challenged, particularly in light of the court’s latest judgment in CC Construction v Mincione.

[@PatrickSealant]

Thank you for the presentation. Very helpful.

[@venkatkrishna7943]

Are these developments in contractual payment mechanisms in construction contracts drawn from FIDIC contracts?