Insolvency and Employer Termination under JCT SBC 2024
Insolvency and Employer Termination under JCT SBC 2024
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The JCT 2024 contains a number of rights for the Employer to terminate the Contractor’s Employment. These are set out in clauses 8.4 – 8.6.
It is important to understand that there is a difference between terminating the Contract and terminating the Contractor’s employment. The latter, which is what the JCT2024 provides for, merely removes the obligations on the Contractor to complete the Works and design for the Contractor’s Designed Portion, while leaving the remainder of the Contract in place.
In this module we will look at the reasons why the Employer may terminate the Contractor’s employment, and consider the meaning of Insolvent in the JCT2024.
Accreditations & CPD
Accreditations & CPD
This course provides structured Continuing Professional Development (CPD). Recognition of CPD is subject to individual professional body requirements and the learner’s role. This course is not formally accredited unless explicitly stated.
Suitable for CPD requirements of RICS, CIOB, ICE, and CICES members.
Learning Outcomes
Learning Outcomes
After completing this module, you should:
• Understand when a Party is Insolvent;
• Be able to explain what a specified default is;
• Know the process for terminating the Contractor’s employment in each situation
About the Author
About the Author
This course is produced by Built Intelligence, in association with Michael Bennett.
Michael is a solicitor and adjudicator with over 15 years of experience. He specialises in engineering and construction disputes, with a particular focus on highly technical matters and has advised on projects across almost every sector, including power, rail, road, pharmaceutical, oil and coastal defence.
