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“Whilst cost will never die, value will become king” – Keith Waller gives the JCT Povey Lecture 2021

/ JCT Povey Lecture, Latest News, Press Releases

Value, as a driver to achieving transformation in the construction industry, and in particular considering value beyond the capital phase of construction and infrastructure projects, was the message from Keith Waller, programme director of the Construction Innovation Hub (CIH), in delivering the JCT Povey Lecture on Thursday, 25 November 2021. Value is one of the core themes of the CIH’s transformation programme, whose mission is to ‘create better outcomes for current and future generations by driving the adoption of manufacturing and digital approaches that improve…

JCT Povey Lecture 2021: “How can value based decisions drive construction’s transformation?”

/ JCT Povey Lecture

  JCT Povey Lecture 2021 “How can value based decisions drive construction’s transformation?” Keith Waller, programme director, Construction Innovation Hub About the Povey Lecture The JCT Povey Lecture is an annual event at which an eminent person is invited to give their thoughts on significant matters that are relevant to the construction and property industry. The purpose of the lecture is to stimulate thought and encourage ways of continuing to improve the quality and value of construction output. The event was inaugurated in 2003 to…

Case Study: Museum of the Home

/ Case Studies

The Museum of the Home (MotH) in Hoxton, London, is open after three years of redevelopment. The project included the renovation of a 300 year old almshouse and the creation of newly built elements to reimagine the visitor experience. The transformation was designed by Wright & Wright Architects and used a JCT Standard Building Contract. The original building that houses the MotH started life in the 18th Century as an almshouse. Its career as a museum began in 1914 when the almshouse was converted to…

Increasing Costs and Fluctuations Provisions

/ Contractual Issues, JCT 2016 Edition

Blog Author: Peter Hibberd Recently, the Bank of England governor claimed that his ex-chief economist’s view that inflation may reach 4% was alarmist and that we should not overreact to rising prices. Overreacting is one thing but making sensible provision is another. Fluctuations in labour and material prices in relation to construction projects can, and do, quickly erode a contractor’s margin. Over recent years, price inflation has been benign, which has led to those entering building contracts giving less consideration to its impact and to…

Debating Digital

/ Contractual Issues, Digital, JCT Povey Lecture

Blog Author: Richard Saxon CBE – Past Chair, JCT Debates are as much a form of entertainment as a way of reaching decisions. But they can still reveal true opinion usefully if the protagonists are so minded. At my school, we were allocated the ‘for’ and ‘against’ roles randomly, to sharpen our wits. As debates progress, positions can become more nuanced. An example of this was the online debate held by Infrastructure Intelligence magazine on the proposition: “That digital transformation is dependent on new forms…

Climate Contracting for the Construction Industry

/ Sustainability

Blog Author: Becky Annison – Director of Engagement, The Chancery Lane Project The opportunity: It is estimated that the built environment contributes 39% of global greenhouse gas emissions, with the operation (energy consumption) of buildings responsible for 28% and the embodied carbon associated with the materials and construction process throughout the whole building life cycle accounting for 11%. The construction industry is also notorious for its tight profit margins and onerous risk allocations, with precious little room to manoeuvre. However, it is an industry with…

Coming soon – JCT Training Video Modules

/ Education, Skills and Students, JCT 2016 Edition, JCT Product Updates

JCT is adding to its expanding range of JCT Training services with a new range of video modules, accessible via the JCT website. The current range of JCT Training includes face-to-face training day sessions, and our popular range of 3-hour, interactive webinar sessions. The Training Video Modules will provide an alternative service, for those looking for smaller, easier to access chunks – ideal for brushing up on a certain area of a contract over a lunch break. About JCT Training Video Modules Ideal for those…

Keith Waller to give JCT Povey Lecture 2021

/ JCT Povey Lecture, Latest News, Press Releases

‘How can value based decisions drive construction’s transformation?’  will be the topic of the JCT Povey Lecture 2021, presented by Keith Waller, programme director of the Construction Innovation Hub. Value is one of the four core themes of the Construction Innovation Hub’s transformation programme, whose mission is to ‘create better outcomes for current and future generations by driving the adoption of manufacturing and digital approaches that improve the delivery, resilience and performance of infrastructure’. Keith Waller’s presentation will explore how value based decision making that…

JCT Home Owner Contracts 2021 Edition launched

/ JCT Product Updates, Latest News, Press Releases

JCT has launched the latest edition of its contracts for Home Owners, JCT Home Owner Contracts 2021. The new edition of the contracts includes the Building Contract for a Home Owner/Occupier who has not appointed a consultant to oversee the work (HO/B) 2021 and the Building Contract and Consultancy Agreement for a Home Owner/Occupier (HO/C and HO/CA) 2021. For the first time, the Home Owner contracts are available via the JCT On Demand digital service. Users will be able to purchase their contract via the…

Back to the future: JCT’s 90-year history provides platform for next generation of digital contracts

/ Digital, Latest News, Press Releases

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…