The Joint Building Contracts Committee (JBCC) has completed a revision of the industry’s most essential documentation: the JBCC Principal Building Agreement.

The revised agreement includes new stipulations to expedite prompt payment, as well as a rewording of aspects covering suspension, termination, dispute resolution, and penalties.

According to Uwe Putlitz, CEO of JBCC, the committee and its constituent members felt the time had come to issue a revised agreement.

Noteworthy among the changes for the 2018 editions are:

• The adaptation of the text for easier reading with fewer cross-references;
• Revised layout of the contract data;
• Revision of certain definitions; and
• Rewording of clauses relating to insurances and payments.

Putlitz says that the JBCC agreement still has as main objective the identification of disputes before they occur, proper and proactive action in this regard, and the creation and adherence to recorded and accessible communications.

“The revisions simply clarify and or strengthen the applicable contractual agreements,” he states.

For more details about the revised 2018 JBCC Principal Building Agreement, email info@jbcc.co.za, or phone 011 482 3102.