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Construction law weekly: JCT 2024 Target Cost Contract announced; TCC rulings on defects and consultants; Planning Bill second reading; PPN 009 modern slavery update; ONS output data; new practice notes

Published on: 17 April 2025

Published by a LexisNexis Construction expert
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  • Standard form contracts
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  • Consultants on construction projects
  • Planning
  • Procurement
  • Construction industry news
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  • No Weekly Highlights on 24 April 2025

Standard form contracts

JCT sets out intention to launch new Target Cost Contract at Parliamentary Reception

JCT has set out plans to launch its new Target Cost Contract, part of the JCT 2024 Edition, at the annual Construction Industry Parliamentary Reception on 13 June 2025. The suite comprises a main contract, a sub-contract and guides, aimed at projects that adopt a target cost with arrangements to share any difference. Payment will be based on an 'allowable cost', a 'contract fee' and, where relevant, a 'difference share'. JCT is also producing online resources to help users with implementation. The Reception will recognise JCT’s achievements and provide an early glimpse of these resources. See: LNB News 16/04/2025 41...

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