A new build residential scheme ( 2 flats with a store underneath ) is completed and both are occupied. LADs have been applied to the contract for late hand over.
There has been an ongoing defect which has cause additional damage to the retail unit which has resulted in damage stock.
How are the costs associated with damage stock calculated? Is this deducted from project retention or do you apply the contract LAD weekly rates?
It is a D&B ECC Option A Contract