Gray v Tulip Holdings Ltd [pdf, 176 KB]
...an Adjudicator has the jurisdiction to award interest on any damages from a date considered appropriate and has agreed that a rate of 7.5% should apply to interest calculations. [60] I am satisfied that in the circumstances of the claim, the justice of the matter will be served if I assess the amount of the owners claims for interest at the (agreed) rate of 7.5% in accordance with the dates for various payments made by the owners set out at Tabs 1 & 2 of their closing submi...