It is sometimes convenient to label building contracts either by reference to the manner by which the contractor's remuneration is arrived at or by reference to the nature of the contractor's obligations. Many modern contracts are hybrid and only the simplest warrant such descriptions, and then only because the contract does not itself provide for the consequences.
A 'lump sum' contract is one under which the contractor will receive on completion of the whole works payment of a single sum. If the contractor fails to complete the works he will not
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234