We are delighted that Charles Edwards MSt(Cantab) MSc(Lond) MRICS FCInstCES Barrister of Gray’s Inn Construction Chambers attended the The Joint Contracts Tribunal (JCT) Council Meeting. Reminder that the JCT are about to launch the JCT2024 Contracts soon. “The main features of JCT 2024 include updates and changes corresponding with the following workstreams:
• 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…”. (Extract from JCT website).
