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JCT substantially revises and rewrites the family of forms every decade. The most recent suite is the 2016 version. [12] Previous versions were dated 1998, 2005, 2009 amendments and 2011. These forms are considered to be the most popular construction contracts in use in the UK. [13]
NEC Contracts logo. The New Engineering Contract (NEC), or NEC Engineering and Construction Contract, is a formalised system created by the UK Institution of Civil Engineers that guides the drafting of documents on civil engineering, construction and maintenance projects for the purpose of obtaining tenders, awarding and administering contracts.
The model was first studied in 1976 and studies through the 1990s showed that adopting such a model could generate 10% savings on project time and 7% on cost. [6] The wider adoption of ECI was a recommendation of the 1994 Latham Report into systemic failings in the British construction industry; the practice became increasing popular during the early 2000s.