If you`re in the construction industry, you`ve probably heard of the JCT contract. The Joint Contracts Tribunal (JCT) is a standard form of contract used in the UK construction industry, and it`s designed to regulate the relationship between the client and the contractor. One of the most important aspects of any contract is the due date, and the JCT contract is no exception.
The due date in the JCT contract is the date by which the contractor must complete the works. This is usually specified in the contract documents, and it`s important that both parties are aware of it. The due date is also known as the completion date or the final date for performance.
It`s important to note that the due date is not the same as the date for practical completion. The date for practical completion is the date when the works are complete, except for minor defects that do not prevent the works from being used for their intended purpose. The due date is the date by which all the works must be complete, including any snagging or remedial work.
If the contractor fails to complete the works by the due date, they may be liable for damages to the client. The JCT contract specifies that the damages will be calculated at a specified rate per day or week of delay, up to a maximum amount. This is known as liquidated damages.
In some cases, the contractor may be able to claim an extension of time for reasons beyond their control, such as bad weather or delays caused by the client. If an extension of time is granted, the due date will be revised accordingly.
In conclusion, the JCT contract due date is a crucial aspect of any construction project. It`s important that both parties are aware of the due date and understand the consequences of failing to meet it. As a professional, I recommend including the JCT contract due date in any relevant content or articles to help educate those in the construction industry.