Regulation 122 – Complying with regulation 113 before 1st April 2016
This Regulation establishes some limitations to the accrual of interest in case the contracting authority has not paid an undisputed invoice within 30 days as required by Regulation 113.
The provision in this Regulation is transitional as it only applies to the situations of Regulation 113(7) and for the financial year which ended in April 2016.
Last modified: December 8, 2016 by Pedro Telles
122. In relation to any financial year ending before 1st April 2016, a contracting authority may comply with regulation 113(7) as if sub-paragraph (b) referred to the total amount of interest actually paid instead of the total amount of liability accrued.