JCT:Prime Cost Building Contract 2016

For use on projects requiring an early start on site. The works are designed by or on behalf of the employer but it is not possible to prepare full documents before the works commence.
Detailed provisions are necessary and the contract is administered by the architect or contract administrator and a quantity surveyor.
The contractor is paid for the Prime Cost of the Works plus a contract fee. Interim payments are paid on a monthly basis.
Provisions are included for collaborative working, sustainability, off-site materials bond, third party rights and collateral warranties.
This contract can be used with the Framework Agreement (FA).
For use on both private and public sector projects.