Webinar - Understanding What Sums Properly Due JCT Design & Build Contract Part 2 - Loss and Expense Claims
What’s it about?
The aim of this webinar is to provide an overview of procedures under the JCT Design and Build Contract for preparation of contract sums and cost provisions.
You will learn
By the end of this webinar you will be able to:
- Understand the correct and proper ways in which direct loss and expenses are reimbursed through DB16
- Outline the logic and workflow for the ascertainment of loss and expenses and the alternative procedure using supplemental provision 2 estimate,
- Understand what item may be claimed for under loss and expenses, and
- Explain the effect and consequence that fluctuations may have on the contract sum under DB16