An Overview of Payment (Part 2) Payment and Variations
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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 on set off, retention and how variations work.
After studying this course, you should be able to;
1. Describe how the variations such as changes to the specification of work can affect the mechanisms such as retention and set-off payment.
2. Explain the need for variations, outline the definition of variations, limits on the scope of variations, and how to issue variations.