13 Jun 2022
DHC ASSSETS LTD v ANTONY IVO ARNERICH [2022] NZHC 1381
- Citation
- [2022] NZHC 1381
- Court
- High Court
The High Court held that NZS 3910:2003 provisions granting entitlement to extensions of time and to recover time-related costs where delays are the net effect of variations govern the parties' bargain despite apparently inconsistent wording in the bespoke CPA; the contractor (DHC/CCL) was entitled to recover time-related costs of $191,386.98 plus GST and contractual interest at 12.4% compounding monthly on both the adjudicated sums and the amounts unreasonably deducted, interest continuing until payment; the adjudicator's determinations on extensions and quantum were binding for present purpo…