144 Requirement to pay notified sum
Local Democracy, Economic Development and Construction Act 2009 (2009 c 20) | Legislation

144  Requirement to pay notified sum

(1)     In the Housing Grants, Construction and Regeneration Act 1996 (c 53), for section 111 (notice of intention to withhold payment) substitute—

“111 Requirement to pay notified sum

(1)     Subject as follows, where a payment is provided for by a construction contract, the payer must pay the notified sum (to the extent not already paid) on or before the final date for payment.

(2)     For the purposes of this section, the “notified sum” in relation to any payment provided for by a construction contract means—

(a)     in a case where a notice complying with section 110A(2) has been given pursuant to and in accordance with a requirement of the contract, the amount specified in that notice;

(b)     in a case where a notice complying with section 110A(3) has been given pursuant to and in accordance with a requirement of the contract, the amount specified

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