JCT - A new dawn, or just more of the same?
The Edinburgh seminar is now full - to be added to the reserve list please email julie.hecht@semplefraser.co.uk
In the UK, approximately 80-90% of all construction work is undertaken under Joint Contracts Tribunal (JCT) forms of contract. These standard forms are created in order to provide certainty, consistency and reflect current industry standards.
In an aim to make the forms easier to use whilst addressing the changing needs of the industry, the JCT has recently issued a long awaited new suite of contracts including traditional, design and build, management contracting, construction management, intermediate, minor works, major project form and framework and adjudication agreements. The Scottish Building Contract Committee (SBCC) has also issued new contracts integrating the relevant JCT contracts so that the use of only one document is now required.
All contractors and developers need to be aware of the new forms.
At this seminar we will be looking at the new forms, identifying the changes and highlighting the consequence of these amendments.
PROGRAMME
17.30 Registration & Coffee
18.00 Chairman’s Introduction
18.05 Standard forms in the construction industry
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Why were the new JCT/SBCC forms introduced?
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The new formats
18.20 The changes in the forms
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Simpler to navigate?
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“Adjustment of Completion Date” – what are relevant events?
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Payment provisions
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“Changes” – how are they valued?
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PI Insurance – how much?
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Design Submission Procedure – “The Traffic Light Procedure”
18.35 What impact will these changes have on the industry?
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Is risk allocation altered?
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Will amendment of the Standard Forms still be required?
18.50 Questions
19.00 Drinks and Canapé Reception
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