After twelve years with the CCDC 2 (2008) Stipulated Price
Contract, the Canadian Construction Documents Committee (CCDC) has
now released the new CCDC 2 (2020).
The revisions to the CCDC 2 (2008) do not significantly depart
from its terms and mechanics. However, the revisions do provide
important updates addressing the recent revisions to the
construction legislation in many provinces, including the
Ontario Construction Act. Most significantly, the
CCDC 2 (2020) incorporates prompt payment and adjudication, and
includes a number of key changes that will be critical to ensuring
the timely completion of projects and uninterrupted flow of
funds.
Below are some of the key changes found in the CCDC 2 (2020),
and a brief discussion of how they may be relevant to you. We
recommend that you contact your Torkin Manes lawyer to discuss any
changes you may need to make to your supplementary conditions.
