Jct Standard Building Contract With Quantities In Fairfax
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FAQ
The JCT Measured Term Contract is designed for use by employers who have a regular flow of maintenance, minor works and improvements projects that they would like to be carried out by a single contractor over a specified period of time.
The JCT Standard Building Contract is designed for large or complex construction projects where detailed contract provisions are needed. Standard Building Contracts are suitable for projects procured via the traditional or conventional method.
JCT contracts facilitate the process of constructing buildings. In simple terms, contracts set out the responsibilities of all parties within the construction process and their obligations, so it is clear as to what work needs to be done, who is doing it, when are they doing it by, and for how much.
Contracts 'with quantities' are priced on the basis of drawings and firm bills of quantities. 'Without quantities' means a contract priced on the basis of drawings and usually another document, such as a specification or work schedules.
Clause 4.7. 2 4.7. 2 The sum due as an Interim Payment shall be an amount equal to the Gross Valuation under clause 4.13 where Alternative A applies, or clause 4.14 where Alternative B applies, in either case less the aggregate of: 4.7.
Clause 4.11 – In the event of non-payment or non-compliance with the above-mentioned Clauses, the Contractor has the right to suspend works and the process for doing so is explained in this Clause.
So, if you ever come across someone referring to a 'JCT contract', it is typically about a standard building contract. These contracts are usually between an 'employer' and a 'contractor' to facilitate a building works project. They set out all of the relevant terms and conditions, including: Obligations of the parties.
The Standard JCT Contract is drafted to suit larger works, or works of a complex nature that involve a high degree of building services or specialist work and its drafting to include provisions allowing: for the contractor to design discrete parts of the works. works to be carried out in sections.
4.21. 1 The Contractor shall notify the Architect/Contract Administrator as soon as the likely effect of a Relevant Matter on regular progress or the likely nature and extent of any loss and/or expense arising from a deferment of possession becomes (or should have become) reasonably apparent to him.
