JCT Young Professionals Group Partner With CIOB And RICS For First Joint Event

/ JCT Young Professionals Group, Latest News, Press Releases

JCT’s Young Professional Group (YPG) are to host their first joint networking event in partnership with members of the Chartered Institute of Building’s (CIOB) Tomorrow’s Leaders, and the Royal Institution of Chartered Surveyors’ (RICS) Matrics UK. The event, taking place on 26 October at RICS headquarters in London, will be the first time that JCT’s YPG has joined with peer groups from professional bodies across the construction industry. The event will be an opportunity for members from the three groups to meet informally, discuss ideas…

JCT Povey Lecture 2023 To Host ‘The Terminator’

/ Latest News, Press Releases

Simon Tolson, senior partner at Fenwick Elliot LLP, will give the JCT Povey Lecture 2023, entitled ‘The Terminator’, on Wednesday, 22 November 2023. The presentation will discuss the latest case law, developments, and legal issues surrounding the termination of construction contracts. Termination is a powerful and definitive device that discharges all unperformed primary obligations under the contract yet to accrue and ends the contractual relationship, often instantaneously. Profound commercial and financial consequences for the parties can ensue. This can be acute for the defaulting party….

JCT Training Courses For Autumn 2023 Launched

/ Latest News, Press Releases

JCT has announced new dates for the autumn series of its training courses. The courses, scheduled for September and October 2023, include a range of in-person and online courses focusing on individual contract families within the JCT 2016 Edition of Contracts. Since its launch in 2018, JCT Training has provided courses on a range of JCT contracts and contract related issues. Delivered by JCT experts, all either present or past members of the JCT Council or JCT Drafting Sub-Committee (responsible for drafting each edition of…

JCT Chair Continues For Second Term

/ Latest News, Press Releases

JCT has announced that its chair, Karen Kirkham, has been re-appointed for a second term, extending her tenure to February 2027. Karen Kirkham, who is a construction lawyer at BDB Pitmans LLP, was appointed JCT chair in March 2021, and is the first woman to hold the post. Her first term has seen the launch of a number of new JCT products and services, including the Dispute Adjudication Board Documentation 2021, the 2021 Home Owner Contracts, Project Bank Account Documentation 2022, and most recently, the…

JCT Announces Next Edition of Contracts, ‘JCT 2024’ at Parliamentary Reception

/ JCT 2024 Edition, JCT Network, Latest News, Press Releases

JCT announced that the next update to its suite of contracts will be the JCT 2024 Edition, at its annual Construction Industry Parliamentary Reception held at the House of Commons, on Friday, 16th June. The reception was an opportunity for JCT’s members and invited construction industry guests to gain an early insight into the core themes and main changes that will feature in JCT 2024, which is due to be published next year. The current edition of JCT contracts, JCT 2016, is the most widely…

JCT Releases Contract Administration Model Forms For Minor Works

/ JCT Network, Latest News, Press Releases

JCT has added to its range of contract administration model forms with the launch of a new product specifically for use with the Minor Works family of building contracts, MW and MWD 2016 Admin – Contract Administration Model Forms. The Contract Administration Model Forms first launched in March with the release of the products for use with the JCT Home Owner contracts. This latest release is for use specifically on projects using the 2016 edition of either the JCT Minor Works Building Contract (MW) or…

JCT Parliamentary Reception To Give Insight Into Next Edition Of Contracts

/ JCT Network, Latest News, Press Releases

JCT’s 2023 Parliamentary Reception will be an opportunity for invited guests to gain an insight into the core themes that will be reflected within the next edition of JCT Contracts. The event, taking place on Friday, 16 June 2023, is an exclusive occasion for JCT’s members and guests, celebrating the achievements of JCT and the wider industry, raising awareness of important issues or new developments, and an opportunity to thank those professionals involved in making JCT a success. Whilst work on the next edition of…

JCT Launches Contract Administration Model Forms for Home Owner Contracts

/ JCT Network, JCT Product Updates, Latest News, Press Releases

JCT has announced the release of a new series of Contract Administration Model Forms for use with the JCT Home Owner contract family. The new products available from the JCT Online Store include: HO/B 2021 Admin Contract Administration Model Forms For use with the Building contract for a home owner/occupier who has not appointed a consultant to oversee the work (HO/B 2021) HO/C and HO/CA 2021 Admin Contract Administration Model Forms For use with the Building contract and Consultancy Agreement for a home owner/occupier (HO/C…

The Risk of Volatile Prices on a Building Project

/ Contractual Issues, Fluctuations, JCT Network

Blog author: Peter Hibberd In September 2021, the Bank of England stated that inflation may reach 4% by the end of that year. The talk, by some, that this was alarmist and that we should not overreact to rising prices is now seen to be way off beam. General inflation has increased significantly since then and in September 2022 it had risen to circa 10% according to ONS. How wrong can one be! The construction materials indices are even more variable and reflect price increases…

Managing Construction Price Inflation

/ Contractual Issues, Fluctuations

Blog Authors: Sarah Elliott and Suzanne Reeves  – Wedlake Bell The construction industry has had to mitigate the effects of Brexit and COVID-19 and is now beset with additional inflationary pressures in the wake of the war in Ukraine. Unfortunately, inflation is unlikely to be brought under control in the short term and will be with the industry for some time to come. This means that businesses across the supply chain need to find ways to manage the risks of cost escalation over the life…