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
1. Is it an adjustment to the target through CE which effectively give us half of the interest through gain share mechanism or
2. Add a cost to the application below the line and outside the gain share calc?
Any advise would be greatly appreciated.
Can you advise how this interest should be applied to the account under option C
1. Is it an adjustment to the target through CE which effectively give us half of the interest through gain share mechanism or
2. Add a cost to the application below the line and outside the gain share calc?
Any advise would be greatly appreciated.