JCT has announced the release of it's new 2024 Edition of Contracts starting with the Design and Build family of contracts on 17 April 2024
The launch includes the following key themes:
Modernising and Streamlining - including adoption of gender neutral language, and increased flexibility around the use of electronic notices.
New for JCT 2024 - the introduction of a new contract family, JCT Target Cost Contract (TCC), comprising main contract, sub contract and guide.
Legislative changes - major updates in relation to the new Part 2A of the Building Regulations, Termination accounting and payment provisions reflecting the Construction Act, new insolvency grounds reflecting the Corporate Insolvency and Governance Act 2020.
Future proofing- including changes to reflect the objectives of the Construction Playbook and the incorporation of previously optional supplemental provisions relating to Collaborative working and Sustainable Development and Environmental Considerations into the main document.