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JCT Standard Building Contract Overview

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Questions and Answers

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 ground risk.

They are responsible for ensuring the project is completed on time

They are responsible for making payments and overseeing contract procedures. (correct)

They are responsible for providing the materials and equipment needed for the project.

What is the main purpose of JCT?

To provide legal advice to construction companies in the UK

To produce standard forms of contracts for the construction industry in the US (correct)

To provide insurance for construction projects in the UK

To regulate the construction industry in the UK

True or false: The JCT Standard Building Contract is only suitable for small projects.

False Signup and view all the answers

What is the JCT Standard Building Contract designed for?

Large or complex projects Signup and view all the answers

Which type of projects is the JCT Standard Building Contract suitable for?

Large or complex projects procured via modern methods. Signup and view all the answers

What is the basis of the contract pricing in JCT contracts?

Lump-sum with quantities. Signup and view all the answers

Who administers payments in a JCT contract?

The contract administrator Signup and view all the answers

True or false: The employer is responsible for ground risk in JCT contracts.

False Signup and view all the answers

True or false: JCT contracts do not contain provisional sums for any construction tasks.

False Signup and view all the answers

What method is used to determine the amounts payable to the contractor in JCT contracts?

Monthly measurement. Signup and view all the answers

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.

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Description

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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