Acceleration Quotations, The Final Payment and Conclusivity under JCT D&B24
Acceleration Quotations, The Final Payment and Conclusivity under JCT D&B24
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We have now almost completed our journey through the JCT 2024’s payment provisions. Our final stop on this tour is the final account provisions an its effects.
In this module, we will look at one final adjustment that may be made to the Contract Sum, the Acceleration Quotation, along with the process by which the final account occurs. This will include considering the steps involved and the differences to the interim payment cycle and consider some of the risks and issues that it holds.
Accreditations & CPD
Accreditations & CPD
This course provides structured Continuing Professional Development (CPD). Recognition of CPD is subject to individual professional body requirements and the learner’s role. This course is not formally accredited unless explicitly stated.
Learning Outcomes
Learning Outcomes
After completing this module, you should:
• Know what an Acceleration quotation and Confirmed Acceptance are
• Understand the timings of the final payment cycle
• Be able to explain how the Final Payment Notice may become conclusive, what this means, and how to avoid it
• Understand some of the issues within the payment cycle and some possible ways to avoid them
About the Author
About the Author
This course is produced by Built Intelligence, in association with Michael Bennett.
Michael is a solicitor and adjudicator with over 15 years of experience. He specialises in engineering and construction disputes, with a particular focus on highly technical matters and has advised on projects across almost every sector, including power, rail, road, pharmaceutical, oil and coastal defence.
