Week 2 - JCT Forms Flashcards
What is JCT ?
The Joint Contracts Tribunal - established in 1931. Incorporated and formed a Limited company in 1988.
What are factors to consider when choosing a contract ?
Value of contract
Extent of works, detail and design
Level of risk the employer wishes to pass on / keep
Form of payment - instalments, lump sum
What is the role of the Contract Administrator ?
to certify and give an assessment or decision; prepare contract documents for execution, administer change control procedures; consider claims; issue interim certificates; collate schedules of defects.
If they issue an instructor, the contractor must adhere to it.
Grounds for Extension of Time ?
If a relevant event occurs - i.e. poor weather, then the contractor is entitled to an extension of time. If they incur a direct loss, they are entitled to a payment/expense.