🏡 Measured term contract

The JCT Measured Term Contract Guide 2016 under UK law is a legal template or document that outlines the contractual terms and conditions to be followed in a measured term contract.

A measured term contract refers to a construction contract where payment is determined based on the actual quantities of work done or materials used, rather than a fixed price. This contract type is commonly used in the construction industry for projects that are difficult to quantify accurately upfront or involve ongoing maintenance and repairs.

The JCT Measured Term Contract Guide 2016 provides a framework for both the employer (client) and the contractor, establishing the rights, obligations, and responsibilities of each party throughout the contract term. It covers a wide range of aspects including scope of work, payment terms, variations to the work, timeframes for completion, dispute resolution, insurance, and health and safety requirements.

Under the UK law, this template follows the regulations and legal requirements specific to the construction industry in the United Kingdom. It ensures that both the employer and the contractor understand the legal implications and have a standardized agreement in place to protect their interests and resolve any potential disputes that may arise during the project.

Overall, the JCT Measured Term Contract Guide 2016 under UK law is a crucial document that facilitates the smooth execution of measured term contracts in the construction industry, providing clarity and transparency in terms of contractual obligations, payment terms, and legal provisions to ensure a fair and mutually beneficial relationship between the parties involved.

The JCT Measured Term Contract is a legal template that is specifically designed to regulate construction projects in the United Kingdom under UK law. This contract establishes a framework for measuring the quantities and valuing the completed works over a specified period, typically used for maintenance or repair works. It outlines the responsibilities and obligations of both the employer and the contractor, ensuring clarity in terms of project scope, payment terms, completion deadlines, and dispute resolution mechanisms. This template is an essential tool for ensuring a transparent and regulated process, helping to mitigate potential conflicts and risks during the construction project.