JCT published its long-awaited target cost contract (TCC) as part of its 2024 suite, in response to market demand. It introduced the risk sharing benefits of target cost into a well-recognised JCT platform. This event will discuss the key benefits of the JCT TCC 2024 and its risk sharing options. It will be contrasted with the long running market leader for target costs contracts, the NEC4 Engineering and construction Contract, which has a loyal client base, particularly in the infrastructure market. Has it anything to learn from the new kid on the block? John and Patrick will explain how each contract's payment mechanism works and deal with key questions that arise from both forms.
Please note this event will attract 1 CPD hour unless otherwise advised at the beginning.