The JCT Major Project Form
The Joint Contracts Tribunal are publishing a completely new standard form of contract for large clients on major construction projects. The main purpose of the form is to meet the particular needs of large commercial clients who do not themselves intend to occupy the premises, as well as property owners and developers (such as hoteliers and supermarkets) who regularly build. The Major Project Form is the first JCT form specifically to provide for third party rights. It caters for various levels of design input on the part of client and contractor and incorporates a design submission procedure. Other key provisions are those dealing with: no retention, acceleration of pro…
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