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Obtaining Payment

SUITABLE FOR

All Contract staff, Accountants, Credit control & Financial, staff, Administrative or general staff of specialist companies involved with any aspect of contractual entitlements to payment.

PROVIDES (1 Day Course)

  • An intensive and detailed review of the key aspects of obtaining payment for specialist construction work
  • Focus on work carried out under building and civil engineering subcontracts

AIMS

  • To provide a clear and practical understanding of how the payment system operates
  • To provide practical advice on how to avoid pitfalls and make the system work for your company

COURSE CONTENT

  • Subcontract price
  • Interim payments (30-day payment)
  • Periods of time
  • Valuations
  • Applications for payment
  • Priced activity schedule
  • Advanced payment
  • Variations
  • Valuation of variations & submitting quotations for variations
  • Retention
  • Discount
  • Interest on late payment
  • Final account, retentions & contractual obligations
  • Fluctuations
  • Value Added Tax
  • HMRC Construction Industry Scheme
  • Remedies

COSTS, LOCATIONS AND DATES

For information relating to costs, locations and dates of this training course please contact Katy Barker (Membership and Training Co-ordinator)


CITB Grant:

Note: Employers who are registered as in-scope leviable with CITB, including those in-scope leviable employers who do not pay a Levy, may be able to claim a CITB grant of £50 per day. A further 10% supplementary payment is available for companies that pay a levy.

For further information contact the CITB using the following link: www.citb.co.uk/levy-grant/  

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