Most in the construction industry now appreciate the importance of complying with the payment claim – payment schedule procedures in sections 20 & 21 of the Construction Contracts Act 2002, and the potentially draconian consequences of a failure to comply under sections 22 & 23.
As Asher J observed in Marsden Villas v Wooding Construction [2007] NZLR 897, this can be a “sudden death” regime for owners.
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