JCT contracts, or contracts from the Joint Contracts Tribunal, are a common type of contract used in the construction industry. The JCT is a non-profit organization that was established in 1931 to develop standard forms of contract for various types of construction projects.

JCT contracts are used to govern the relationship between the client and the contractor. They provide a framework for the obligations, rights, and responsibilities of both parties throughout the project. There are several different types of JCT contracts, each tailored to specific types of construction projects.

One of the key features of JCT contracts is the use of interim payments. Interim payments are payments made to the contractor throughout the project, rather than at the end. These payments are based on the value of work completed at certain stages of the project, as agreed upon in the contract. This system is designed to provide the contractor with the necessary cash flow to carry out the project effectively.

JCT contracts also include provisions for dispute resolution. If a dispute arises between the client and the contractor, the contract provides a mechanism for resolving it. This can include mediation, adjudication, or arbitration.

Another important aspect of JCT contracts is the use of a schedule of works. This is a document that sets out the timeline for the project, including the start and end dates for each stage of construction. The schedule of works is an essential tool for both the client and the contractor, as it allows them to plan and coordinate their work effectively.

JCT contracts can also include provisions for variations to the project. If changes need to be made to the scope of work, the contract will set out the process for agreeing on these changes and any additional costs or time required.

Overall, JCT contracts provide a comprehensive framework for construction projects, helping to ensure that both the client and contractor understand their respective obligations and responsibilities. By using a standard form of contract, JCT contracts help to reduce the risk of disputes and ensure that projects are carried out efficiently and effectively.