In episode 86 of The Subcontractors Blueprint podcast, host Jacob Austin explores the key differences between the JCT 2024 and JCT 2016 contracts. He discusses updates in design liability, communication methods, dispute resolution, payment provisions, and new clauses on sustainability and building safety. Jacob emphasises the importance of subcontractors understanding these changes to manage risks and ensure profitability. He advises listeners to update their contract templates and practices to align with the new JCT 2024 standards. This episode provides essential insights for subcontractors aiming to stay competitive and successful in the evolving construction industry.
KEY TAKEAWAYS:
- Differences between JCT 2024 and JCT 2016 contracts
- Updates in terminology and procedural changes
- Changes in design liability standards
- Modernisation of communication methods (email and electronic signatures)
- Introduction of early dispute notification and resolution processes
- Clarification of payment provisions and termination payments
- New clauses related to sustainability in construction
- Compliance with the Building Safety Act
BEST MOMENTS:
"Email is finally in. So in JCT 16 formal notices often had to be on paper... But now in the 24, for the majority of notices are able to be sent by email."
"Parties now need to work in a cooperative and collaborative manner, in good faith and in a spirit of trust and respect."
"The important thing that you need to do here is to ensure that your team understands what the legislation is, and what you need to do to comply with it."
Jacob is on a mission to help the 1 million SME contractors working within the construction industry. If you've taken something of value from this episode, please share the podcast with someone you know, and pass the value on.
HOST BIO: Meet Jacob Austin, a Chartered Quantity Surveyor with a rich background at construction industry giants Balfour Beatty, Kier, and Vistry Group. With extensive involvement in education, health, and residential projects spanning various scales, from £1000s to £100M in concurrent developments, Jacob brings a unique perspective. Having collaborated with numerous small businesses, he's now committed to sharing his expertise to drive their success. Join Jacob on his podcast, where he blends his profound insights and personable approach to offer guidance, industry secrets, and inspirational stories.
LinkedIn - www.linkedin.com/in/jacob-austin/
Instagram - www.instagram.com/qs.zone/
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Amy Robach & T.J. Holmes present: Aubrey O’Day, Covering the Diddy Trial
Introducing… Aubrey O’Day Diddy’s former protege, television personality, platinum selling music artist, Danity Kane alum Aubrey O’Day joins veteran journalists Amy Robach and TJ Holmes to provide a unique perspective on the trial that has captivated the attention of the nation. Join them throughout the trial as they discuss, debate, and dissect every detail, every aspect of the proceedings. Aubrey will offer her opinions and expertise, as only she is qualified to do given her first-hand knowledge. From her days on Making the Band, as she emerged as the breakout star, the truth of the situation would be the opposite of the glitz and glamour. Listen throughout every minute of the trial, for this exclusive coverage. Amy Robach and TJ Holmes present Aubrey O’Day, Covering the Diddy Trial, an iHeartRadio podcast.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.