Notified sum
The sum established through the applicable payment-notice mechanism, subject to any valid and timely pay less notice.
by Jack Butler-Kettle · About 1 min readShare
Further detail
Read this alongside section 111 of the Housing Grants, Construction and Regeneration Act 1996.
The notified sum arises from the applicable payment-notice mechanism. It is not always the amount of an invoice or the ultimate value of the work. A valid and timely pay less notice can affect the payment obligation; valuation disputes remain a separate issue.
Identify the operative notice and relevant cycle. Our Subcontract payment assessments service keeps that sum distinct from the application and underlying valuation. Overdue payment recovery addresses a properly due sum that remains unpaid.