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An Overview of Payment (Part 2) Payment and Variations
An Overview of Payment (Part 2) Payment and Variations
Level
Advanced
Duration
30 minutes
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The aim of this course is to explain the key payment rights and obligations under construction contracts and explain how these principles are applied in practice. This course provides some examples of set off, retention and how variations work.
Accreditations & CPD
Accreditations & CPD
Suitable for CPD requirements of RICS, CIOB, ICE, and CICES members.
Learning Outcomes
Learning Outcomes
After studying this course, you should be able to;
• Describe how the variations such as changes to the specification of work can affect the mechanisms such as retention and set-off payment
• Explain the need for variations, outline the definition of variations, limits on the scope of variations, and how to issue variations
