Is interest charged on repayments of delayed damages?

BuiltIntelligence · 16 October 2012 14:03

BuiltIntelligence · 16 October 2012 14:03

Yes. If the Completion date is changed to a later date after delay damages have been paid, the Employer repays the overpayment of damages with interest (see Clause X7.2).

Topic		Replies	Views
How is interest charged on repayment of delayed damages assessed? Secondary X, W and Y options	1	605	16 October 2012
What happens if the Completion Date is changed to a later date after delay damages have been paid? Secondary X, W and Y options	1	625	16 October 2012
Why might the Completion Date be changed to a later date after the Contractor has paid delayed damages? Secondary X, W and Y options	1	594	16 October 2012
From what point does the Contractor pay delay damages? Secondary X, W and Y options	1	676	16 October 2012
If the Employer takes over a part of the works before Completion, are the delay damages reduced? Secondary X, W and Y options	1	685	16 October 2012

Is interest charged on repayments of delayed damages?

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