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NEC ECC: Final Account time frame.

+1 vote
What is the time frame for  the QS  to complete the final account since final completion has been granted. He had all the information required to complete the final  account. From when are you  entitled to interest on the outstanding money owed?  The amount outstanding is about 10% of the contract amount.
asked Aug 4, 2017 in NEC3 Time by anonymous   3 8

1 Answer

+1 vote
The normal payment timescales - i.e. the assessment interval - and mechanisms continue on after the Completion Date. So if you make an application and claim the full amount, the the PM will, in his assessment, have to give reasons for deducting those amounts.

If you disagree with those amounts, a dispute has crystallised, so you could go to Adjudication, which I would only advise doing so after trying to escalate it to the PM and then the Employer.

A more fruitful avenue might be this : you are entitled to interest on the amounts from when they became due provided you applied for them i.e. a mistake by the PM (see clause 51.3) , so you could include in your application interest on these outstanding amounts from the time that you starting applying for them. That - along with a word to the PM -  might nudge the QS in the direction you want.
answered Aug 7, 2017 by Jon Broome (25,720 points)