11 Questions
True or false:JCT is a government organization responsible for regulating the UK construction industry.
False
What is the responsibility of the contract administrator in JCT contracts?
They are responsible for making payments and overseeing contract procedures.
What is the main purpose of JCT?
To produce standard forms of contracts for the construction industry in the US
True or false: The JCT Standard Building Contract is only suitable for small projects.
False
What is the JCT Standard Building Contract designed for?
Large or complex projects
Which type of projects is the JCT Standard Building Contract suitable for?
Large or complex projects procured via modern methods.
What is the basis of the contract pricing in JCT contracts?
Lump-sum with quantities.
Who administers payments in a JCT contract?
The contract administrator
True or false: The employer is responsible for ground risk in JCT contracts.
False
True or false: JCT contracts do not contain provisional sums for any construction tasks.
False
What method is used to determine the amounts payable to the contractor in JCT contracts?
Monthly measurement.
Study Notes
- JCT produces standard forms of contracts for the construction industry in the UK.
- Established in 1931, it became incorporated as a company in 1998.
- JCT Standard Building Contract is for large or complex projects.
- Contract administrator acts impartially and administers payments.
- Contractor bears ground risk.
- Mostly based on lump-sum contract with or without quantities.
- Contains provisional sums for some construction tasks.
- Clear interaction between employer's requirements and contractor's proposals.
- Extensive drafting in JCT contracts.
- Monthly measurement used to determine amounts payable to the contractor.
Explore the key features and components of the JCT Standard Building Contract, which is designed for large or complex construction projects in the UK. Learn about the roles of contract administrators, ground risk allocation, provisional sums, monthly measurements, and more.
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