Duration: 55:45
This JCT Training Video Module provides an overview of the options available within JCT contracts for the use of Fluctuations provisions.
- Learn about JCT Fluctuations Options A, B & C, the differences between them, where to find them, and how to select them in the Contract Particulars.
- Learn about the operation of the Formula Rules under Fluctuations Option C, including identifying and establishing the Base Month, the differences between Part I (Work Categories) and Part II (Work Groups), and how to make and maintain the necessary calculations using the formula.
- Find out how to make the necessary requirements for operating Fluctuations Options A & B and where one or other might be more relevant.
- Get general guidance on the principles behind fluctuations provisions and their use.
About JCT Training Video Modules
JCT Training Video Modules provide a short introduction to the key elements of JCT Contracts.
The individual videos cover a particular aspect of the contract, full of useful information as a quick-reference guide and to refer to at a time convenient to you.
As a complete series, the videos provide an introductory overview to the whole contract, useful for providing a grounding for those new to the contract or for those wishing to brush up on their knowledge without committing to a full JCT Training Course.
JCT Training Video Modules form part of a wider package of training resources for construction professionals, including webinars and face-to-face courses. Find out more.
Edition : 2016