NEC publishes explanation on October 2020 change to Y(UK)2 NEC4

Article summary

NEC has published an article explaining the changes made to clause Y(UK)2 in the October 2020 amendments to NEC4. The change was made following the decision in Rochford Construction Ltd v Kilhan Construction Ltd [2020] EWHC 941 (TCC) and concerned the final date for payment under the Housing Grants, Construction and Regeneration Act 1996. The article provides an overview of the case, highlighting why the NEC4 October 2020 amendments to Y(UK)2 changed the due date to the ‘later of the date an invoice was received and 14 days from the assessment date’, making the final date for payment a fixed period from the due date.