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ARTICLE · 03 MAY 2017

It's Time To Spring Clean Your Supply Chain Contracts

Gowling WLG
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It's that time of the year when we all start thinking about the big spring clean, but now is also a good time to spruce up your supply chain contracts.

United KingdomReal Estate and Construction
Ruth Griffin
Ruth Griffin
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It's that time of the year when we all start thinking about the big spring clean, but now is also a good time to spruce up your supply chain contracts.

If you utilise the Joint Contracts Tribunal (JCT) suite, taking time now to update your downstream contracts to reflect the new 2016 contracts will ensure that they are ready for use on projects being procured under the new suite.

One of the significant changes in the 2016 contracts is the revision and simplification of the payment procedure. We previously provided practical tips on aspects of these new provisions. It is crucial to make sure this is dealt with properly in your supply chain contracts, so that the more restrictive payment regime of the Scheme for Construction Contracts 1996 (as amended) does not apply downstream.

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