The JCT Design and Build Contract (2024 Edition) – A Year On

/ Contractual Issues, JCT 2024 Edition

Blog Author: Seán Mac Labhraí Introduction We are now over a year since the JCT published the first of the 2024 suite of contracts: the Design and Build Contract, or DB24. Working for a main contractor specialising in design and build, we are now beginning to see a more widespread adoption of DB24 by employers / clients and their consultants, perhaps expedited by the JCT’s upcoming withdrawal of the 2016 editions. (I have been meaning to check with a solicitor who was still firmly wedded…

JCT Target Cost Contract 2024: An Overview

/ JCT 2024 Edition

Blog Authors: Tom Booth, Associate and Helen Johnson, Partner – CMS Cameron McKenna Nabarro Olswang LLP In June the Joint Contracts Tribunal (JCT) published its new Target Cost Contract 2024 (along with a sub-contract form and guidance notes). This Law-Now provides a brief introduction to the new JCT form. What is Target Cost? Briefly, for readers new to target cost contracting, the features of a target cost contract include: No overall fixed price at the outset of the project Price calculated on an actual cost…

JCT Online Launch Event Reveals More Details About New Target Cost Contract

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

Viewers attending the online launch event for the JCT Target Cost Contract were given a detailed overview of the contract and the background to its production on Wednesday, 10 September. The presentation featured JCT chair, Karen Kirkham, and vice-chair of the JCT Drafting Sub-Committee (DSC), John Riches. In his position as DSC vice-chair, John Riches had a central role (alongside colleagues in the DSC) in the production of the Target Cost Contract and its drafting. John and Karen’s discussion explored in greater detail the background…

JCT Announces Launch Event for Target Cost Contract

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

JCT will be hosting an online launch event, providing more information about the JCT Target Cost Contract 2024, on Wednesday, 10 September 2025. ‘Introducing the JCT Target Cost Contract 2024’ will feature JCT chair, Karen Kirkham, and vice chair of the JCT Drafting Sub-Committee, John Riches. They will be discussing the main features of this new contract family, including how it works, why JCT decided to produce it for the 2024 Edition, how it fits in with the rest of the JCT suite, what documents…

JCT 2024 Edition – Available Updates July

/ JCT 2024 Edition, JCT Product Updates

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 Target Cost Contract 2024 Contract family includes: JCT Target Cost Contract 2024 (TCC 2024) JCT Target Cost Sub-Contract Agreement 2024 (TCCSub/A 2024)* JCT Target Cost Sub-Contract Conditions 2024 (TCCSub/C 2024)* JCT Target Cost Contract Guide 2024 (TCC/G 2024) JCT Target Cost Sub-Contract Guide 2024 (TCCSub/G 2024)   JCT…

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…

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 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 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 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…