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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]
The Engineering and Construction Short Subcontract (ECSS) Allows the contractor to sub-let a simpler lower risk contract down the line to a subcontractor. It is back-to-back with the ECSC but is frequently used as subcontract when the main contract is under the ECS. The Professional Services Contract (PSC)
A cost-plus-incentive fee (CPIF) contract is a cost-reimbursement contract which provides for an initially negotiated fee to be adjusted later by a formula based on the relationship of total allowable costs to total target costs.
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