The JCT 2011 contracts have been issued.
The JCT 2011 contracts have been issued with major changes particularly in respect of the payment provisions.
The contracts were published on 9 September 2011 and those are compliant with the new ‘Construction Act’ (the Local Democracy, Economic Development and Construction Act 2009). There are two main issues to consider at this time; (i) that people will no doubt attempt to amend the JCT 2011 contracts to suit their own purposes – but amending the JCT 2011 contracts properly and effectively is not an easy task; and (ii) that Main Contractors may need use JCT 2011 Subcontracts even though the Main Contract is under a JCT 2005 contract (a process that may be difficult to control).
In either case, the watch-words are ‘proceed with extreme caution’.
If you have any queries about and/or require any advice in respect of the JCT 2011 contracts and/or the amendments of those contracts, you should immediately contact our office.
The contracts were published on 9 September 2011 and those are compliant with the new ‘Construction Act’ (the Local Democracy, Economic Development and Construction Act 2009). There are two main issues to consider at this time; (i) that people will no doubt attempt to amend the JCT 2011 contracts to suit their own purposes – but amending the JCT 2011 contracts properly and effectively is not an easy task; and (ii) that Main Contractors may need use JCT 2011 Subcontracts even though the Main Contract is under a JCT 2005 contract (a process that may be difficult to control).
In either case, the watch-words are ‘proceed with extreme caution’.
If you have any queries about and/or require any advice in respect of the JCT 2011 contracts and/or the amendments of those contracts, you should immediately contact our office.
posted by Melbury at
09:45
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