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…

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

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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 Sponsor Mental Health in Construction Research

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JCT is to sponsor a research project investigating the mental health of workers in construction, to better understand the challenges workers face, and to explore how the industry can provide better support. The research project, which was initiated by the Tier 1 Health in Construction Leadership Group (HCLG) and Mates in Mind, a registered charity set up to improve mental health within construction, is a collaboration with the University of Warwick, which has led several research projects to explore mental health in the construction sector,…

JCT Announces Release Schedule for Next Batch of 2024 Edition Contracts – Including CM, MC, FA, Adj, PBA, and DAB Families

/ JCT 2024 Edition, Latest News, Press Releases

JCT has announced that the next batch of contracts from the 2024 Edition will be released on 5 March 2025. The documents that will be included as part of the release are: JCT Construction Management Contract 2024 Contract family includes: Construction Management Appointment 2024 (CM/A 2024) Construction Management Trade Contract 2024 (CM/TC 2024) Construction Management Guide 2024 (CM/G 2024) Construction Manager Collateral Warranty for a Funder 2024 (CMWa/F 2024) Construction Manager Collateral Warranty for a Purchaser or Tenant 2024 (CMWa/P&T 2024) Trade Contractor Collateral Warranty…

JCT Announces Release of Complete Edition 2024

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

JCT has announced that the Complete Edition of the 2024 contract suite is now available to order from its online store. Presented in two Box Sets, comprising six volumes, JCT Contracts Complete Edition 2024 is aimed at reference libraries, universities, colleges and all those looking for the convenience of having the entire JCT 2024 suite readily available. Box Set 1 (volumes 1-3) contains the following contracts: Standard Building Contract family Intermediate Building Contract family Minor Works Building Contract family Design and Build Contract family Generic…

JCT Young Professionals Group Partner with RICS Matrics and CIOB Tomorrow’s Leaders for Second Cross-Industry Event

/ JCT Young Professionals Group, Latest News, Press Releases

JCT’s Young Professional Group (YPG) are to host their second joint networking event in partnership with members of the Royal Institution of Chartered Surveyors’ (RICS) Matrics UK, and the Chartered Institute of Building’s (CIOB) Tomorrow’s Leaders. The event, hosted jointly between the three groups and KPMG, will be taking place on Wednesday, 27 November at KPMG’s Canary Wharf offices in London. It will be the second occasion that JCT’s YPG has joined with peer groups from professional bodies across the construction industry. Expanding on last…

Diversity and Inclusion the Key to Unlocking the True Potential of Collaborative Contracting

/ JCT Povey Lecture, Latest News, Press Releases

Without diversity, equity, and inclusion, the opportunities that the construction industry seeks to achieve with collaborative contracting will never be fully realised, explained Katy Dowding, president and CEO, Skanska UK, in a thought-provoking JCT Povey Lecture, on Thursday, 7 November 2024. In her presentation entitled “Construction – The Secret To More Collaborative Contracting and Better Project Outcomes Through Diversity and Inclusion”, Katy explained how embedding a diverse and inclusive culture throughout the workplace and in the project team is a key part of unlocking the…