ABSTRACT
In 1998, the Chartered Institute of Building (CIOB) published a Mini Form of Contract and, in 2013, it published the Complex Projects Contract (CPC). CPC 2013 was considered to be the first standard form specifically aimed at time management in complex construction projects, and the first standard form to have building information modelling (BIM) incorporated within the form. Time and Cost Management Contract 2015 is a revised edition of what was previously the CIOB’s Complex Projects Contract, published in 2013. The earlier version was intended ‘to bring construction contracts into the 21st century’ and included extensive clauses relating to the management of time and cost, which aimed to avoid disputes, along with detailed provisions covering BIM. Cost management is by reference to the values attributed to the activities in the working schedule with progress updated from databased progress records.
