The Joint Contracts Tribunal (JCT): Old tools and new risks
The Joint Contracts Tribunal (JCT): Old tools and new risks
Can the CLC's guidance future proof the JCT contract from effects caused by the pandemic and Brexit?
In this short course, we’ll give you an overview of the paper published by The Joint Contracts Tribunal (JCT) on the impact that Covid-19 and Brexit and what it is likely to have on future projects. The JCT also provides commentary on the Construction Leadership Council's COVID-19: Contractual Disputes and Collaboration Guidance.
By the end of this course, you should be able to:
- Identify the potential benefits and drawbacks of adding 'A Pandemic Event' as a new Relevant Event in the JCT extension of time provision
- Understand the issues with the CLC's definition of 'A Pandemic Event' and its potential impact on construction contracts
- Identify the challenges of inflation in construction contracts and how fluctuation provisions can mitigate this risk