Construction Interim Payment Process Explained (HGCR Act 1996)
Interim payments are vital for construction projects which span over a long duration, as it enables on-going financing for the contractor. However, interim payments are not just a convenience for the contractor, it’s also a requirement under UK law. In this article we’re going to look at what the law says and what process needs to be followed. So when are interim payments actually required? Let’s look at what The Housing Grants, Construction and Regeneration (HGCR) Act
