JCT Sub-Contractor Collateral Warranty for a Funder 2024 (SCWa/F)
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JCT’s Sub-Contractor Collateral Warranty for a Funder is designed for use where a warranty is to be given by the sub-contractor to a separate funder who has entered into an agreement with the employer to provide finance for the works.
Description
The Sub-Contractor Collateral Warranty for a Funder (SCWa/F 2024) can be used with the following JCT 2024 main contracts:
- Standard Building Contract 2024 (SBC/Q, SBC/XQ, SBC/AQ)
- Intermediate Building Contract 2024 (IC) and Intermediate Building Contract with contractor’s design 2024 (ICD)
- Design and Build Contract 2024 (DB)
- Prime Cost Building Contract 2024 (PCC)
Features of Collateral Warranties:
- Collateral warranties are used as a supporting document to a primary contract where an agreement needs to be put in place with a third party outside of the primary contract. Sometimes an architect, contractor, or sub-contractor will need to warrant to a funder, tenant or purchaser that it has fulfilled its duties under a building contract.
- Collateral warranties often contain obligations that affect the consultant or contractor, such as using materials of an appropriate quality, and carrying out work in a professional, workmanlike manner. It can also provide the third-party contractual rights enabling it to claim for losses which would not otherwise be recoverable.
- JCT does not issue a Consultant Collateral Warranty. You may wish to consider adapting one of the JCT Collateral Warranties or using other suitable forms.
Product Information
| ISBN | 9780414109094 |
|---|---|
| Publication Status | Current |
| Publication Date | 08/21/2024 |
| Author | The Joint Contracts Tribunal |
| Edition | 2024 Revised Edition |
| Format (Paperback, Hardback etc) | Paperback |
| Brand / Publisher | JCT |
| Publisher | Sweet & Maxwell |
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