JCT has debuted a sneak peak at the next round of contracts, known as ‘JCT 2024’, at their annual Construction Industry Parliamentary Reception held at the House of Commons
JCT’s Construction Industry Parliamentary Reception took place at the House of Commons today (16th June 2023), where the JCT 2024 update was announced.
The reception was an opportunity for JCT’s members, invited construction professionals and industry guests to gain the first insight into core themes and main changes that will feature in JCT 2024, due to be published next year.
JCT’s current contract suite, JCT 2016, is a pillar of UK construction
The current edition of JCT contracts, JCT 2016, is the most widely used standard form contract suite in the UK construction industry and was the first edition of JCT contracts to be available as part of an online service.
Digital working will continue to be a main feature of the JCT suite with JCT 2024, which will be published exclusively via JCT’s Construct subscription service, as well as On Demand digital and traditional hardcopy.
The main features of JCT 2024 includes updates to:
Modernising and streamlining – including adoption of gender neutral language, and increased flexibility around the use of electronic notices.
New for JCT 2024 – the introduction of a new contract family, JCT Target Cost Contract (TCC), comprising main contract, sub-contract, and guide.
Legislative changes – major updates in relation to the Building Safety Act, Termination accounting and payment provisions reflecting the Construction Act, new insolvency grounds reflecting the Corporate Insolvency and Governance Act 2020.
Future proofing – including changes to reflect the objectives of the Construction Playbook, and the incorporation of previously optional supplemental provisions relating to Collaborative Working, and Sustainable Development and Environmental Considerations, into the main document.
Contract users and construction professionals are urged to join the JCT Network to find out more
More details about the new edition and the main changes will be released in the coming months via the JCT network.
Speaking at the event, JCT chair, Karen Kirkham, said:“As JCT Chair, I am very excited at the prospect of the launch of the 2024 Edition which will not only update the forms but introduces a new form of contract in TCC.
“I know from conversations with our users that there is enormous appetite for our next Edition.”
JCT Network members will also receive exclusive updates, and advance notifications of pre-orders and availability of new products. You can find out more here.
The post ‘JCT 2024’ contracts announced at Parliamentary reception appeared first on Planning, Building & Construction Today.
