Loss and Expense and LAD’s in JCT Contracts
You’re a Main Contractor working on an unamended JCT Design and Build Contract (2016). The project has achieved Practical Completion 8-weeks late owing to a variety of delays by various Subcontractors and you have extra costs and risks to deal with.
The contract has £20,000 LAD’s per week and the client has issued a Payment Notice holding £160,000. What do you do next?
We put together this scenario to Jason Farnell, Adjudicator and CEDR Accredited Mediator from Commercial Risk Management.
The C-Link Ebooks count towards your RICS informal CPD hours. Don’t forget to log them!
Receive resource via email
What's in this book?
-
Can they do this?
-
What’s the best way to respond to this?
-
Even though the contract stipulates £20,000 LAD’s, does the client need to justify the amount?