In standard form building contracts, a Final Certificate is issued by the contract administrator to certify that the contract has been completed fully. In our experience, the conclusive nature of these Certificates are often misunderstood by clients, which can potentially lead to problems at a later date.
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The Local Democracy, Economic Development and Construction Act 2009 effected changes to the statutory payment regime applicable to all construction contracts introduced by the Housing Grants Construction and Regeneration Act 1996.