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What is meant by the term 'interest and finance charges' which are often claimed by contractors?

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asked Feb 5, 2013 in JCT Contracts by JCT Experts (-20 points)  

1 Answer

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These form part of a claim for loss or expenses. 'Interest and finance charges' can best be described as loss of interest that could have been claimed if money had been invested; essentially compensation for loss of the use of money.
answered Feb 5, 2013 by JCT Experts (-20 points)