We have recently issued the required notice that will be applying for interest on late payment under Clause 51.2, as we not received payment in over the 4 weeks from the assessment date, the contract is ECC Option C.
Can you advise how this interest should be applied to the account under option C
Is it an adjustment to the target through CE which effectively give us half of the interest through gain share mechanism or
Add a cost to the application below the line and outside the gain share calc?
Any advise would be greatly appreciated.