New Private Sector Contract Flashcards
When was the new Private Sector Contract launched?
15th September 2020
Who were the three sponsoring authorities?
Construction Industry Federation (CIF)
Engineers Ireland
The Society of Chartered Surveyors Ireland (SCSI)
Why was this new contract introduced?
The new Conditions of Contract have been drafted with the objective of achieving a fair and balanced allocation of risk between the parties in order to promote long-term sustainable efficiency in the Irish construction industry. Specifically, risk has generally been allocated to the party best able to bear and manage it.
Aim was to also have a common form, try to limit amendments as understanding the contract takes more and more time away from the actual project.
What does the new contract comprise of?
Form of Agreement
Conditions of Contract
Schedule
They are available to download free of charge.
What type of projects is this contract suitable for?
Private Sector Contracts for Building and Engineering Works Designed by the Employer
Suitable for Medium to Large Projects
What are the key points of information about the new alternative Private Sector Contract?
- Its closely linked to the PWC Suite and so high level of familiarity
- Provides a good reporting structure
- Variations dealt with in timely manner (as per GCCC)
- No allowance for provisional sums
- Subcontractors allowed (novated, named and nominated)
