May finally established progress payment claims be offered as security?

Court:

Administrative Court

Case no. (E.):

2011/79

Decision no. (K.):

2011/1313

Decision date:

12 February 2023

The claimant argued that the progress payment entitlements held with the utility that the successful tenderer offered as a bid bond were not in proper form, that claims which had not become final had been offered as security, and that there was no finally established claim outstanding.