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Lawyers cautious on new JCT pain-sharing contract

Legal commentators have expressed caution about uptake of a new Joint Contracts Tribunal (JCT) contract family that is designed to share risk. The Target Cost Contract (TCC) 2024 was released in late June and is designed for larger jobs, where detailed provisions are needed. Rather… The post Lawyers cautious on new JCT pain-sharing contract appeared […]

Legal commentators have expressed caution about uptake of a new Joint Contracts Tribunal (JCT) contract family that is designed to share risk. The Target Cost Contract (TCC) 2024 was released in late June and is designed for larger jobs, where detailed provisions are needed. Rather…

The post Lawyers cautious on new JCT pain-sharing contract appeared first on Construction News.

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