The new 2016 editions of JCT Contracts have now been released and all new works should used the new 2016 versions where available.
In addition to reflecting the new payment legislation, the JCT 2011 edition makes other changes which include: - A revised Insolvency definition in the Termination section. - The revised Terrorism Cover provisions that were included in JCT's December 2009 Update. - The provision for appointment of the principal contractor under CDM Regulations has been extended to cover that function under the Site Waste Management Plans Regulations 2008. - Statutory reference to the Bribery Act 2010. - Entries in respect of PI insurance relating to asbestos and fungal mould have been removed. - Revised retention provisions in the sub-contracts.
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