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JCT Target Cost Contract 2024

/ JCT 2024 Edition, JCT Product Updates

Visit our online hub for all the information you need on the new JCT Target Cost Contract. The JCT Target Cost Contract 2024 was released on 25 June. The contract family consists of the following documents: Target Cost Contract 2024 (TCC 2024) Target Cost Sub-Contract Agreement 2024 (TCCSub/A 2024) Target Cost Sub-Contract Conditions 2024 (TCCSub/C 2024) Target Cost Contract Guide 2024 (TCC/G 2024) Target Cost Sub-Contract Guide 2024 (TCCSub/G 2024) The JCT Target Cost Contract is designed for construction projects where the Employer wishes to…

JCT Announces Autumn 2025 Series of Training with New Course

/ Uncategorized

JCT has announced its course dates for the autumn 2025 series of JCT Training. The series includes a range of full-day in-person courses and 3-hour online webinar courses. Scheduled to take place from September to November, the courses will focus on three different contract families from the JCT 2024 Edition of Contracts. In addition, the autumn series introduces a brand new in-person course, ‘Working with JCT Contracts 2024 (The Legal Aspects)’, an interactive course introducing the legal framework that underpins JCT contracts. The sessions to…

Updated JCT Contracts Practice Note Highlights Risks of Amending Standard Forms

/ JCT 2024 Edition, JCT Product Updates, Latest News, Press Releases

JCT has issued an update to its practice note, ‘Deciding on the appropriate JCT contract’, to reflect the JCT 2024 Edition, including the forthcoming JCT Target Cost Contract. The guidance documents, covering main and sub-contracts within the JCT 2024 Edition, as well as an update concerning the use of BIM with JCT contracts, includes: Deciding on the appropriate JCT contract 2024 Guide to selecting the appropriate JCT main contract 2024 Guide to selecting the appropriate JCT sub-contract 2024 Practice Note: BIM and JCT Contracts 2024…

JCT Parliamentary Reception Celebrates Conclusion of Latest New Edition and Forthcoming Publication of TCC

/ Latest News, Press Releases

JCT used the occasion of its annual Construction Industry Parliamentary Reception to celebrate and acknowledge the work of its members in producing the latest addition to the JCT contract suite, the JCT Target Cost Contract, and concluding the publication of all documents within the JCT 2024 Edition. The reception, which took place on Friday 13 June at The House of Commons Terrace Pavilion, is an exclusive event for JCT’s members and guests, celebrating achievement in the built environment and highlighting the hard work of those…

JCT Announces Release Schedule for Target Cost Contract 2024

/ JCT 2024 Edition, Latest News, Press Releases

JCT has announced that the release date for the Target Cost Contract 2024 will be 25 June 2025. The launch of this brand new contract family, alongside the Tendering Practice Note 2024 (which will also be released on the same date), concludes the publication of all documents in the JCT 2024 Edition. The documents that will be included as part of the release are: JCT Target Cost Contract 2024 Contract family includes: Target Cost Contract 2024 (TCC 2024) Target Cost Sub-Contract Agreement 2024 (TCCSub/A 2024)…

JCT Interviews…Claire Hughes

/ Interviews

In the ‘JCT Interviews…’ series we shine the spotlight on some of the key people who are involved with or give their time to support JCT, showing the diverse range of disciplines across the construction industry that our members represent and the collaborative work that contributes to the development of our contracts. We look at how our interviewees contribute to JCT specifically and gain their views on the wider industry and JCT’s role within it. Claire Hughes, MRICS Member, JCT Council – LGA representative Member,…

JCT Parliamentary Reception to Give Insight Into New Target Cost Contract

/ JCT 2024 Edition, JCT Network, JCT Product Updates

JCT will use the occasion of its annual Construction Industry Parliamentary Reception, to be held on Friday, 13 June 2025, to celebrate the introduction of the JCT Target Cost Contract to the JCT suite, and preview information resources about the contract ahead of its release in the summer. The Target Cost Contract is a new addition to the JCT suite of contracts and forms part of the JCT 2024 Edition. The Target Cost Contract family will comprise a main contract, sub-contract, and guides. The contract…

JCT Training Online – Learn More About the JCT 2024 Design and Build and Minor Works Contracts This Spring

/ Education, Skills and Students

The Spring 2025 series of JCT Training is now live. We have a range of online courses and video modules covering some of the major contract families from the JCT 2024 Edition. Our 3-hour interactive webinar courses provide an overview of a particular contract family, giving course attendees the knowledge to have confidence in dealing with a particular contract and avoid common pitfalls. The sessions to take place and the dates are as follows: Wednesday, 23 April 2024 JCT Design and Build Contract 2024 Wednesday,…

JCT 2024 Edition – Available Products Update

/ JCT 2024 Edition

The following JCT 2024 contracts are now available via the JCT Online Store – access instantly online through JCT On Demand digital and via the JCT Construct digital subscription service, or purchase in hardcopy for delivery.   JCT Construction Management Contract 2024 Contract family includes: JCT Construction Management Appointment 2024 (CM/A 2024) JCT Construction Management Trade Contract 2024 (CM/TC 2024) JCT Construction Management Guide 2024 (CM/G 2024) JCT Construction Manager Collateral Warranty for a Funder 2024 (CMWa/F 2024) JCT Construction Manager Collateral Warranty for a…

Procurement Act ‘Goes Live’ – A Summary Guide for the Construction Sector

/ Contractual Issues, Legislation

Blog Authors: Laura Reeve, Partner and Emily Moorcroft, Solicitor – Ashfords LLP After years of delay and anticipation, implementation of the Procurement Act 2023 finally ‘achieved practical completion’ on the 24 February 2025. The new Act is set to shake up the tendering and delivery of public sector construction projects, providing a revised blueprint for mapping out public sector procurements and promising a new era of transparency, efficiency and opportunity for the construction sector. Public sector employers, together with their appointed contractors and the wider…