Risk of Being Caught Out by JCT Contract Transition
Blog Author: PHIL CATON – PARTNER, AARON & PARTNERS KEY POINTS The JCT confirmed its 2016 suite will remain available until the end of 2026. Organisations that postpone reviewing contracts, amendment schedules and internal procedures risk a more complex and costly transition later on. JCT 2024 introduces changes reflecting major industry developments. Many firms are likely to find themselves administering projects under both JCT 2016 and JCT 2024 simultaneously. Early planning, staff training and a review of existing contractual documentation will help businesses minimise…