Vesting Certificates

Vesting certificates may be required where specific goods or materials are stored off-site but, on payment, the title in such goods or materials passes to the paying party. They are often used where off-site or modular construction is involved and are likely to become more common as more projects involve elements of MMC. The recent case of VVB M&E Group Limited & VVB Engineering UK Limited v Optilan (UK) Limited provides a reminder that the terms of vesting certificates must be clear, unambiguous and consistent with the underlying contract