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We recommend that you put in place a JCT contract. You don't have to and your decision may hinge on the relative complexity and cost of the construction. They first appeared in 1931 and are useful for protecting the client and contractor in writing in case of delays, disputes or unexpected price hikes.
The main advantage of the design and build route is that clients have a single point of responsibility for the design and construction of the project. This can result in an earlier start on site, earlier price certainty and a reduction in responsibility and management of the client.
Build Contract is a variation on either a FixedPrice or CostPlus contract.
Before you begin your engineering project, make sure you've reviewed the contract and ensured it has the following elements: Both Parties' Legal Name and Address. ... Service Prices. ... Terms of Payment. ... Schedule of Work. ... Scope of Work. ... Dispute Resolution and Termination.
The JCT Design and Build Contract is designed for construction projects where the contractor carries out both the design and the construction work. Design and build projects can vary in scale, but the Design and Build Contract is generally suitable where detailed provisions are needed.
The JCT Design and Build Contract is designed for construction projects where the contractor carries out both the design and the construction work. Design and build projects can vary in scale, but the Design and Build Contract is generally suitable where detailed provisions are needed.
The predominant payment method for design and build contracts are awarded under a lump sum JCT contract as it reduces the risk and management on the client. The Design and Build procurement route has a lot of advantages & disadvantages.
Design & Build allows the costs to be agreed from beginning under a single Design & Build provider negating the need for multiple parties all trying to coordinate on the one project. This provides a streamlined and efficient form of management that reduces overall costs of the project.