Back to the future: JCT’s 90-year history provides platform for next generation of digital contracts
2021 marks the 90th year since the formation of JCT. 1931 was in many respects a ground-breaking year for the construction industry. Whilst mention of the use of standard forms of construction contract goes back to the 19th Century, the creation of JCT formally recognised the need within the building industry for a standard process of entering into a contract that minimised the outlay of costly bespoke provisions, fairly apportioned risk, and included benchmark sets of provisions that reflected precedent. Such was this cultural shift…