SCHEDULETHE SCHEME FOR CONSTRUCTION CONTRACTS
PART II—PAYMENT
Dates for payment5
The final payment payable under a relevant construction contract, namely the payment of an amount equal to the difference (if any) between—
a
the contract price, and
b
the aggregate of any instalment or stage or periodic payments which have become due under the contract,
shall become due on the expiry of—
a
30 days following completion of the work, or
b
the making of a claim by the payee,
whichever is the later.