JCT announces next Edition of Contracts
JCT has announced the release of its 2024 edition of contracts, with the initial launch of the design and build family of contracts on 17 April 2024.
An online launch event, which will give an overview of JCT 2024 and explain the main changes and features of the new edition, will take place in conjunction with Building Magazine on 1 May 2024. The event will give more detail and background to the following themes showcased at the launch of the 2024 Edition back in June 2023 at JCT’s annual Construction Industry Parliamentary Reception:
- Modernising and Streamlining – including the 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 the main contract, sub-contract, and guide.
- Legislative changes – major updates in relation to the new Part 2A of the Building Regulations, Termination accounting and payment provisions reflecting the Construction Act, and 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, Sustainable Development, and Environmental Considerations into the main document.
The Design and Build 2024 Contracts will be made available simultaneously across all platforms – hardcopy, JCT On Demand digital, and via the JCT Construct digital subscription service.
If you would like to know more, please contact Ross Galbraith on 0191 211 7999 or email [email protected]