(Furtehr to previous asked question)
Yes this is NEC 3 and start date was 5th Aug 2019 with assessment interval stated as last Friday of the month.
When I read cls 51.1 in the NEC sub contract it sates the contractor pays within 3 weeks (5 weeks in our case) after the next assessment date which follows receipt of an application for payment by the sub contractor.
What does this mean?? - I am being told - We submit application last Friday of Aug. We then have to wait to the last Friday of Sept for the next assessment date and then receive Aug payment 5 weeks from then.
This leaves Aug payment due 1 Nov and Sept payment due 29th Sept.
To date we have not received any payments and are being told to read the contract
Is this correct??
Yes this is NEC 3 and start date was 5th Aug 2019 with assessment interval stated as last Friday of the month.
When I read cls 51.1 in the NEC sub contract it sates the contractor pays within 3 weeks (5 weeks in our case) after the next assessment date which follows receipt of an application for payment by the sub contractor.
What does this mean?? - I am being told - We submit application last Friday of Aug. We then have to wait to the last Friday of Sept for the next assessment date and then receive Aug payment 5 weeks from then.
This leaves Aug payment due 1 Nov and Sept payment due 29th Sept.
To date we have not received any payments and are being told to read the contract
Is this correct??