Earlier this month, JCT announced that the next update to its suite of contracts will be the JCT 2024 Edition.
Digital working will continue to be a main feature of the JCT suite with JCT 2024, which will be published exclusively via JCT’s Construct subscription service, as well as On Demand digital and traditional hardcopy.
The main features of JCT 2024 include updates and changes corresponding with the following workstreams:
- Modernising and streamlining – including adoption of gender neutral language, and increased flexibility around the use of electronic notices.
- New for JCT 2024 – the introduction of a new contract family, JCT Target Cost Contract (TCC), comprising main contract, sub-contract, and guide.
- Legislative changes – major updates in relation to the Building Safety Act, Termination accounting and payment provisions reflecting the Construction Act, new insolvency grounds reflecting the Corporate Insolvency and Governance Act 2020.
- Future proofing – including changes to reflect the objectives of the Construction Playbook, and the incorporation of previously optional supplemental provisions relating to Collaborative Working, and Sustainable Development and Environmental Considerations, into the main document.
More information is available here