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ARTICLE · 25 JULY 2006

Welcome to our first Building & Construction Update for 2006

In this issue we feature articles on: The JCT Framework Agreement & Amendments to the Victorian Building and Construction Industry Security of Payment Act.

AustraliaReal Estate and Construction

In this issue we feature articles on:

  • The JCT 2005 Framework Agreement
  • Amendments to the Victorian Building and Construction Industry Security of Payment Act

Contractual utopia: the JCT 2005 Framework Agreement

Imagine the perfect project:

  • Zero health and safety incidents
  • Teamwork and consideration for others
  • Greater predicability of cost and schedule
  • Improved quality, productivity and value
  • Improved sustainability and environmental performance
  • Right first time with zero defects
  • Avoidance of disputes
  • Employer satisfaction
  • Enhancement of reputation and commercial opportunities

Despite the undeniable appeal of the above qualities, almost all are overlooked in the vast majority of construction contracts, where the emphasis is on cost control and where bargaining power dictates the minimisation and allocation of risk. Incentives, motivation and investment in people or processes rarely rate a mention,

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