Where such interest payment provisions are not present in a construction contract it is implied by the Late Payment of Commercial Debts (Interest) Act 1998 . The Act allows for interest at 8% over the base rate of the Bank of England.
Where such interest payment provisions are not present in a construction contract it is implied by the Late Payment of Commercial Debts (Interest) Act 1998 . The Act allows for interest at 8% over the base rate of the Bank of England.