Overview

The Joint Contracts Tribunal published a completely new standard form of contract in 2003, The JCT Major Project From, to meet the needs of parties in major construction projects, including funders, purchasers and tenants. It seems set to revolutionise the world of major projects and may well take over from the JCT Contract with Contractor's Design for larger projects. Although much shorter and more straightforward than the JCT design and build form, the new contract raises a number of important issues to which careful attention must be paid. These include: design liabilty provisions; express provisions dealing with ground conditions; detailed design documents procedures; minimal provisions for insurances; provision of a third party rights schedule to replace collateral warranties; and, the absence of detailed procedures for valuation and payment.This new book, written by a well known construction lawyer, examines the form clause by clause, with full text of the contract itself. It also looks at the background general law and at statutory requirements, highlights common practical issues, and considers potential problems which need to be addressed when using this contract. No-one planning to use the new form should be without this invaluable commentary.

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9786611318741

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