
Construction Act
The Construction Act 1996 is a UK law designed to improve payment practices in the construction industry. It ensures that contractors and subcontractors are paid promptly and provides a framework for resolving disputes. Key features include the right to regular interim payments, clear payment terms in construction contracts, and a process for adjudication to settle disagreements quickly. Essentially, it aims to promote fairness, transparency, and efficiency in construction projects, helping to prevent cash flow issues and disputes among parties involved in building works.