Back to Basics #37 - JCT D&B 2011 – Helpful Timeline Diagrams

JCT D&B 2011 – Helpful Timeline Diagrams – Back to Basics #37

 

Final Statement Timelines Under JCT

As we still see numerous clients using the 2011 versions of the JCT Contracts, our previous Back to Basics timeline looked at Interim Payment Timelines applicable under the JCT Design & Build 2011 Contract. Today’s diagram looks at the issuing of the Final Statement and the dates applicable to the Final Payment. Our next reviews will look at the Interim Payment Timelines and the Final Statement Timelines of the 2016 version of the JCT Design & Build Contract.

The diagram below shows how the date of the Final Payment can be affected by the Contractor submitting its Final Statement under the JCT Design & Build 2011 Contract:

It’s important that each party is aware of the steps and timescales that apply, should a disagreement arise in relation to the Relevant Statement.

The diagram below shows the timescale applicable should a Relevant Statement be disputed:

If you need assistance settling a Final Account under a JCT form of Contract or any matter associated with this suite of Contracts, Ramskill Martin’s Team of Consultants can assist you, whether the issue is related to Contract, Commercial or Programming / Time.

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