The bank that can't say no
Article Abstract:
The UK government's decision to set the rate of interest for late payment, which will be contained in secondary legislation to the Late Payment of Commercial Debts (Interest) Bill, at 8% above base rate is to be welcomed. However, some observers believe that this level is not high enough. The rate of interest needs to cover all the costs associated with late payments, not just compensate the payee for not receiving its money. It is wrong to regard the right to interest simply as compensation.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1997
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Unknown territory
Article Abstract:
The UK construction industry adjudication process is being researched to help future dispute settlements proceed faster and more directly. The research is being carried out by the University of Wolverhampton, which is studying all adjudication stages to determine where matters could be improved or altered. The university plans to launch an educational pack to help construction industry adjudication cases.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1999
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