New simplified payment provisions, insurance amendments, and other updated provisions are welcome additions
The Joint Contracts Tribunal (JCT) produces standard forms of contract for construction, guidance notes, and other standard documentation for use in the UK construction industry. Every update to JCT brings in important changes, and the 2016 update was no different. Some key changes compared to the JCT 2011 edition — which are to be welcomed — include revamped insurance amendments and simplified payment provisions intended to make the notice requirements under the Housing Grants, Construction & Regeneration Act 1996 more understandable.
Navigant expert Matthew Finn examines what has changed for owners and contractors, focusing on the new JCT Design & Build, arguably the most widely used in the JCT contract family.
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