Contract Terms

Documents Contract Terms
JW

JCT Standard Building Contract 2024

With Quantities (SBC/Q). Suitable for larger, more complex projects with full bills of quantities.

JCT Last updated: 15 Jan 2026

JCT Design and Build Contract 2024

For projects where the contractor is responsible for design and construction. Employer's requirements basis.

JCT Last updated: 08 Feb 2026

JCT Minor Works Building Contract 2024

For smaller, straightforward projects. Simple administration requirements with limited contractor design.

JCT Last updated: 22 Dec 2025

NEC4 Engineering and Construction Contract

Collaborative approach with early warning and compensation event procedures. Main Options A-F available.

NEC Last updated: 03 Mar 2026

NEC4 Short Contract

For straightforward engineering and construction work. Simplified procedures and reduced administration.

NEC Last updated: 18 Jan 2026

DOM/2 Subcontract Agreement

Standard domestic subcontract for use with JCT main contracts. Covers named and domestic subcontractors.

Subcontract Last updated: 10 Feb 2026

JCT Standard Building Contract With Quantities 2024

1. Parties

This Agreement is made the 15th day of March 2026 between:

The Employer: Barrett Homes Ltd of Wessex House, Winchester Road, Southampton SO16 7GF

The Contractor: Elevated Construction Ltd of Unit 4, Chilworth Business Park, Southampton SO16 7JZ

2. Works

The Contractor shall carry out and complete the Works known as Oakwood Meadows Residential Development, Winchester in accordance with the Contract Documents.

3. Contract Sum

The Contract Sum is £4,200,000.00 (Four Million Two Hundred Thousand Pounds) exclusive of VAT.

4. Completion Date

The Date for Completion of the Works is 30 June 2025.

The Date of Possession is 15 January 2024.

5. Retention

The Retention Percentage is 5%. Half of the retention shall be released upon Practical Completion. The remaining half shall be released upon the expiry of the Rectification Period of 12 months.

6. Liquidated Damages

The rate of liquidated and ascertained damages is £5,000 per week.

7. Insurance

The Contractor shall maintain professional indemnity insurance of not less than £5,000,000 for any one occurrence or series of occurrences arising out of one event.

8. Payment

Interim valuations shall be carried out at intervals of 1 calendar month. The final date for payment of interim certificates is 14 days from the date of issue.

JCT Standard Building Contract 2024

SBC/Q - With Quantities. For larger projects administered by an architect/contract administrator.

SBC/Q

JCT Design and Build Contract 2024

DB - Where the contractor takes on design responsibility alongside construction.

DB

JCT Minor Works Building Contract 2024

MW - For basic works where the work is simple in character.

MW

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NEC4 Engineering and Construction Contract

Full collaborative contract with main options A-F. Suitable for all project sizes.

ECC

NEC4 Short Contract

Simplified version for straightforward work with lower risk profile.

Short

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Bespoke Contracts

Create custom contract terms tailored to specific project requirements. Contact your legal team to draft bespoke terms.