247. Date of completion.

Where no express agreement has been reached between the parties, the Standard Contractual Conditions1 provide that completion is to take place on the twentieth working day after exchange.

Time is not of the essence of the completion date under the Standard Contractual Conditions2, unless a notice to complete has been served3. A delay in completion beyond the contractual completion date fixed would, however, give rise to a claim in damages4 and the payment of compensation5, but does not by itself entitle the innocent party to repudiate the contract6. At common law time is impliedly of the essence where the nature