JCT 2005 Update and Overview
Course Duration: 1 Day
Cost: £295 + VAT
PROGRAMME
0930-1000 JCT 2005 – Overview
Review updated and new forms and the approach to the new documents. Forms considered include Standard Building Contract and Sub-Contract, Intermediate and Minor Building Contracts – with/without design and Sub-Contracts. Design and Build Contract and Sub- Contract, Major Project Construction Contract, Construction Management Contract, Management Building Contract, Prime Cost Contract, Measured Term Contract and Framework Agreement.
1000-1100 JCT Design and Build Contract 2005 – Overview and documentation
Entering the Contract - important considerations. Contract documentation - the JCT 2005 Standard Form. Recitals. Articles. Conditions. Contract Particulars. Supplemental Provisions. Schedules. Employer’s Requirements. Contractor’s Proposals. Contract Sum Analysis. Conflict of documents. Contractor’s Design Documents. Conflicts between Contract Documents and Statutory Requirements. Comparison with JCT 98 WCD. Design liability of Contractor. Limiting the liability. Design Development. Finance Agreement. Funder, P& T rights
1100-1115 Coffee and discussion.
1115-1215 JCT Design and Build 2005 Execution of the Works
Contractors’ general obligations. Design Submission procedure – Schedule 1. Design liability. Performance specifications. Completing the design. Selecting materials and goods. Quality requirements, materials, goods and workmanship. Non-complying work. Schedule 3 - Insurance. Professional Indemnity Insurance. Collateral warranties. Third Party Rights – Schedule 5. Employers role. Employer’s Agent. Employer’s Instructions. Defects and making good. CDM. Notices. Contractor’s Persons. Employer’s Persons.
1215-1300 Possession, Completion and Extensions of Time
Relevance of programme. Possession of the Site. Progress requirements. Completion of Works. Early use. Completion Date and adjustment. Extension of Time events. Sectional completion requirements. Claims for extensions. Postponement of work. Requirements for estimate of delay. Damages for delay. Liquidated damages. Suspension. Pre-agreed Adjustment.Practical Completion. Relevant Date. Relevant Part. Supply of documents.
1300-1345 Lunch
1345-1445 Payment and Changes in Employer’s Requirements
Applications. Pricing method. Contract Sum Analysis. Provisional Sums. Alternative method of valuing changes - Supplemental. Interim payments. Final payment. Loss and/or expense. Claims for damages. Effect of Final Statement. Advance Payment. Payment for offsite goods and materials. Bonds. Retention.
1445-1545 Standard Building Contract 2005
Compare 2005 forms with 1998 versions. Consider layout and documentation. Review Contract Particulars format. Third Party Rights including Warranties, P & T, Funders etc. Communications. Designed Portion. Early Use by the Employer. Construction Information and Contractor’s Programme. Further drawings/Information Release Schedule. Discrepancies and Divergences. Adjustment of Completion Date. Replacement of Architect. Variations and Variation Rules. Schedules.
1545-1600 Tea and discussion.
1600-1630 Intermediate and Minor Building Works Contracts 2005
With/Without Contractor design versions comparisons with 1998 Forms.
1630 Close.
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