I assume the armouring has been bonded.....
They would say that, wouldn't they?
That's unlikely to keep out the moisture. Seen too many fit for purpose but incorrectly applied u/g cable joints that have gone bang coz a jointer failed to prepare everything properly. You'd need to clean and roughen the surface of the pvc *and* most importantly degrease with carbon tetra chloride to have any chance of success.
I'd suggest Denso tape, let one of the contractors get his hands good and messy applying it! Insist, however, that they do it with you in attendance, and to your satisfaction. The cable should be wiped clean and the surface pvc roughened all around with a wire scratch brush or coarse emery cloth. If you don't, moisture will work it's way along the smooth surface of the pvc. Make sure the underside is cleaned and prepared properly!
You may be faced with that one day.
Tell them you will withhold payment unless the repair is carried out to your satisfaction. A roll of denso tape will only set them back a couple of quid. As I said, tell them you insist on being present when the work is done, and it must be to your satisfaction.