The Joint Contracts Tribunal published a new 2011 suite of contracts and sub-contracts which are designed to comply with the provisions of Part 8 of the new Construction Act which came into force as of 1st October 2011.
The JCT Contracts 2011 edition reflects new legislation in regard to payment and makes other changes which include:
• A revised definition of insolvency
• Integration of the revisions appended to the 2005 form of contract
• The provision for appointment of the principal contractor under CDM Regulations is extended to cover that function under the Site Waste Management Plans Regulations 2008
• Reference to the Bribery Act 2010
• Entries in relation to PI insurance and asbestos and fungal mould are omitted
• Revised retention provisions in the sub-contracts
RMA Surveyors Ltd will be using the new form of JCT contracts where appropriate.
