143 Notices relating to payment

143  Notices relating to payment

(1)     In the Housing Grants, Construction and Regeneration Act 1996 (c 53), in section 109 (entitlement to stage payments), in subsection (4), for “under the contract” substitute “provided for by the contract”.

(2)     In section 110 of that Act (dates for payment), omit the following—

(a)     subsection (2), and

(b)     in subsection (3), “or (2)”.

(3)     After section 110 of that Act insert—

“110A Payment notices: contractual requirements

(1)     A construction contract shall, in relation to every payment provided for by the contract—

(a)     require the payer or a specified person to give a notice complying with subsection (2) to the payee not later than five days after the payment due date, or

(b)     require the payee to give a notice complying with subsection (3) to the payer or a specified person not later than five days after the payment due date.

(2)     A notice complies with this subsection if it specifies—

(a)

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