Construction / Building Law Law

JCT Target Cost Contract Guide 2024 (TCC/G)

By JCT
Sweet & Maxwell U.K. June 2025

Specifications

ISBN-13
9780414108073
Publisher
Sweet & Maxwell U.K.
Publication
June 2025
Format
Paperback
Jurisdiction
U.K. ? Countri(es) for reference only

Details

The Target Cost Contract is a new addition to the JCT suite of contracts and forms part of the JCT 2024 Edition. The Target Cost Contract family comprises a main contract, sub-contract, and guides.

The contract is for use where parties wish to use target cost and difference sharing arrangements. Instead of a lump sum, the method of remuneration for the contractor is payment of an “Allowable Cost” of the Works together with a “Contract Fee” (a fixed sum or percentage) and, if applicable, a “Difference Share” as calculated in accordance with the Contract.

The Target Cost Contract 2024 Guide (TCC/G) is a comprehensive guide to accompany the Target Cost Contract 2024 (TCC) and features an explanation of the Agreement (Recitals, Articles, Contract Particulars, Attestation) and Conditions (Sections, Clauses and Schedules).

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