CIC announced the release of a new suite of standard contracts for the novation of forms and warranty guarantees: standard form of the agreement for use, under which the appointment of a consultant will be renewed from an employer to a design and construction contractor. ISBN 1 898671 36 2 Professor Sarah Lupton, Chair of the CIC Liability Panel, who spearheaded the production of the documents, said: “The Novation Agreement from the beginning is a completely new form and we hope that its introduction will help standardise agreements across the sector and avoid the need for multiple ad hoc documents.” This practice note focuses on standard form novation agreements published by the City of London Law Society (CLLS) and the CIC. With regard to the CIC novation agreement, this practice note takes into account the “Switch” edition published in 2004 – in 2018, the CIC published an “ab initio” novation agreement (revised in 2019) and we will publish new content in due course. Novation means, in contract and business law, the action of replacing a performance obligation with another obligation or adding an obligation of performance or replacing a party to an agreement with a new party. CIC has developed a number of standard contracts and forms of agreements in line with the work of our accountability body, which are regularly updated and are only available on our website. Novation agreements are intended to be used in case of novices of an advisor mandated by a client or a developer to a new customer who may be a design and construction contractor, another developer or another organization. A Novation Agreement – Switch and the associated warranty guarantee will also be published in the near future. It is customary for parties involved in construction projects to use their own forms of tailor-made novation and, as a result, many different forms circulate. However, in 2004, two standard forms were published, one by the CLLS Design Committee and the other by the ICC, which are short and simple documents that have avoided including unnecessary provisions, but they have different approaches to consultant innovation. However, they address both the main problems posed by Blyth & Blyth vs.
Carillion and the “no loss” argument (see Practice Notes: Novation in construction projects and The `no loss` defence in construction contracts). Sold in packaging in the third standard form of the user agreement, if an ancillary warranty is to be offered by an advisor to a buyer or lessee of all or part of a commercial or industrial development. ISBN 978-1-898671. Sold in packages in the standard form of the user agreement, under which an advisor must provide the contractor`s employer with a warranty guarantee for the entire contractor. The production of the suite, which contains two entirely new documents, was controlled by the CIC Liability Panel. Panel Chair Professor Sarah Lupton said: “It was exciting to work with a multidisciplinary team of specialist advisors, lawyers and insurers from the liability body. From the outset, the Novation Agreement is a completely new form and we hope that its introduction will help to standardise agreements across the sector and avoid the need for several ad hoc documents. The panel has also been in contact with RIBA to ensure compatibility with its new professional service contracts and is grateful for its support to this project. » JCT: Minor Works Construction Contract with Contractor`s Project 2016 £39.60 The five documents offered here for sale are as follows:. . .
The documents are available on the CIC website. CIC Chief Executive Graham Watts OBE said of the publication: “We thank our accountability body for the leadership it has provided on this important project. We would also like to thank Beale & Company, Cardiff University, Fladgate LLP and Lupton Stellakis for their contributions to the creation of this suite of CIC documents, which we believe will be of great benefit to the industry. ».