Time and cost management contract TCM15 - Revision history

Designing Buildings at 07:29, 27 November 2020

2020-11-27T07:29:31Z

← Older revision		Revision as of 07:29, 27 November 2020
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	* Construction Manager magazine, "CIOB Launches Rebranded Time and Cost Management Contract" on 27 November 2015.		* Construction Manager magazine, "CIOB Launches Rebranded Time and Cost Management Contract" on 27 November 2015.

−	[[Category:Contracts_/_payment]] [[Category:Procurement]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Contracts_/_payment]] [[Category:Procurement]]

Designing Buildings at 14:09, 24 September 2018

2018-09-24T14:09:23Z

← Older revision		Revision as of 14:09, 24 September 2018
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	Sarah Rock, formerly an Associate at law firm RPC said, “The suite is targeted at niche projects but within that sphere offers real flexibility in managing time and cost with the aim of avoiding disputes.”		Sarah Rock, formerly an Associate at law firm RPC said, “The suite is targeted at niche projects but within that sphere offers real flexibility in managing time and cost with the aim of avoiding disputes.”

−	~~= Find out more =~~	+	= Related articles on Designing Buildings Wiki =
−		+
−	=== Related articles on Designing Buildings Wiki ===	+

	* Chartered Institute of Building		* Chartered Institute of Building
Line 33:		Line 31:
	* Flagship first project for CPC 2013		* Flagship first project for CPC 2013

−	=== External references ===	+	= External references =

−	* ~~[http://www.construction-manager.co.uk/news/ciob-launches-rebrand2ed-ti3me-cost-manag9ement/~~ Construction Manager magazine, "CIOB Launches Rebranded Time and Cost Management Contract" on 27 November 2015].	+	* Construction Manager magazine, "CIOB Launches Rebranded Time and Cost Management Contract" on 27 November 2015.

	[[Category:Contracts_/_payment]] [[Category:Procurement]]		[[Category:Contracts_/_payment]] [[Category:Procurement]]

83.244.206.19 at 12:09, 6 March 2017

2017-03-06T12:09:03Z

← Older revision		Revision as of 12:09, 6 March 2017
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	It requires collaboration between the contractor, subcontractors, design consultants, time manager, cost manager, contract administrator and employer, who continuously appraise risk and take action to overcome and mitigate the consequences of time and cost risks and to bring forward completion dates where practical.		It requires collaboration between the contractor, subcontractors, design consultants, time manager, cost manager, contract administrator and employer, who continuously appraise risk and take action to overcome and mitigate the consequences of time and cost risks and to bring forward completion dates where practical.

−	Francis Ho, co-author of the contract, said of the new edition: "It's not a contract that needed a lot of changes. We made some minor clarifications and changes based on user feedback and consolidated some of the specialist roles to make the form seem less ~~daunting…~~. The biggest news is that the main contract has finally been joined by a professional appointment and subcontract.“	+	Francis Ho, co-author of the contract, said of the new edition: "It's not a contract that needed a lot of changes. We made some minor clarifications and changes based on user feedback and consolidated some of the specialist roles to make the form seem less daunting ... The biggest news is that the main contract has finally been joined by a professional appointment and subcontract.“

	Sarah Rock, formerly an Associate at law firm RPC said, “The suite is targeted at niche projects but within that sphere offers real flexibility in managing time and cost with the aim of avoiding disputes.”		Sarah Rock, formerly an Associate at law firm RPC said, “The suite is targeted at niche projects but within that sphere offers real flexibility in managing time and cost with the aim of avoiding disputes.”

83.244.206.19 at 12:08, 6 March 2017

2017-03-06T12:08:27Z

← Older revision		Revision as of 12:08, 6 March 2017
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−	The 'Contract for Use with Complex Projects, First Edition ~~2013’ ('Complex Projects Contract~~ 2013~~' or 'CPC 2013')~~ was launched by the Chartered Institute of Building (CIOB) on 23 April 2013~~. It was~~ thought to be the world’s first BIM-ready contract specifically aimed at the management of time in complex construction and engineering projects. It was suited for works of high value or complexity, major real estate projects and engineering or infrastructure projects. It was developed in response to research revealing that large and complex projects suffered time and cost overruns, and that greater contractual attention should be focused on time and cost management.	+	The Contract for Use with Complex Projects, First Edition 2013 was launched by the Chartered Institute of Building (CIOB) on 23 April 2013 and thought to be the world’s first BIM-ready contract specifically aimed at the management of time in complex construction and engineering projects. It was suited for works of high value or complexity, major real estate projects and engineering or infrastructure projects. It was developed in response to research revealing that large and complex projects suffered time and cost overruns, and that greater contractual attention should be focused on time and cost management.

	In November 2015, the Complex Projects Contract was updated in response to feedback from the industry and renamed the Time and Cost Management Contract (TCM15). The name was changed to reflect the core strengths of the contract.		In November 2015, the Complex Projects Contract was updated in response to feedback from the industry and renamed the Time and Cost Management Contract (TCM15). The name was changed to reflect the core strengths of the contract.

83.244.206.19 at 12:04, 6 March 2017

2017-03-06T12:04:14Z

← Older revision		Revision as of 12:04, 6 March 2017
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	=== Related articles on Designing Buildings Wiki ===		=== Related articles on Designing Buildings Wiki ===

−	* Chartered Institute of Building.	+	* Chartered Institute of Building
−	* Complex Projects Contract.	+	* Complex Projects Contract
−	* Construction contracts.	+	* Construction contracts
	* Flagship first project for CPC 2013		* Flagship first project for CPC 2013

	=== External references ===		=== External references ===

−	* [http://www.construction-manager.co.uk/news/ciob-launches-rebrand2ed-ti3me-cost-manag9ement/ Construction Manager, CIOB Launches Rebranded Time and Cost Management Contract. 27 November 2015].	+	* [http://www.construction-manager.co.uk/news/ciob-launches-rebrand2ed-ti3me-cost-manag9ement/ Construction Manager magazine, "CIOB Launches Rebranded Time and Cost Management Contract" on 27 November 2015].

	[[Category:Contracts_/_payment]] [[Category:Procurement]]		[[Category:Contracts_/_payment]] [[Category:Procurement]]

83.244.206.19 at 12:03, 6 March 2017

2017-03-06T12:03:07Z

← Older revision		Revision as of 12:03, 6 March 2017
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−	The 'Contract for ~~use~~ with Complex Projects, First Edition 2013’ ('Complex Projects Contract 2013' or 'CPC 2013') was launched by the Chartered Institute of Building (CIOB) on 23 April 2013. It was thought to be the world’s first BIM-ready contract specifically aimed at the management of time in complex construction and engineering projects. It was suited for works of high value or complexity, major real estate projects and engineering / infrastructure projects. It was developed in response to research revealing that large and complex projects suffered time and cost overruns, and that greater contractual attention should be ~~focussed~~ on time and cost management.	+	The 'Contract for Use with Complex Projects, First Edition 2013’ ('Complex Projects Contract 2013' or 'CPC 2013') was launched by the Chartered Institute of Building (CIOB) on 23 April 2013. It was thought to be the world’s first BIM-ready contract specifically aimed at the management of time in complex construction and engineering projects. It was suited for works of high value or complexity, major real estate projects and engineering or infrastructure projects. It was developed in response to research revealing that large and complex projects suffered time and cost overruns, and that greater contractual attention should be focused on time and cost management.

−	In November 2015, the Complex Projects Contract was updated in response to feedback from the industry and renamed the Time and Cost Management ~~contract~~ (TCM15). The name ~~has been~~ changed to reflect the core strengths of the ~~Contract~~.	+	In November 2015, the Complex Projects Contract was updated in response to feedback from the industry and renamed the Time and Cost Management Contract (TCM15). The name was changed to reflect the core strengths of the contract.

	It is intended for use with the CIOB’s [http://www.ciob.org/insight/time-and-cost-management-contract-suite Time and Cost Management Contract suite] which includes:		It is intended for use with the CIOB’s [http://www.ciob.org/insight/time-and-cost-management-contract-suite Time and Cost Management Contract suite] which includes:

−	* Document No. 1, Contract ~~agreement~~.	+	* Document No. 1, Contract Agreement.
−	* Document No. 2, Contract ~~conditions~~.	+	* Document No. 2, Contract Conditions.
−	* Document No. 3, Contract ~~appendices~~.	+	* Document No. 3, Contract Appendices.
−	* Document No. 4, Subcontract ~~agreement~~.	+	* Document No. 4, Subcontract Agreement.
−	* Document No. 5, Subcontract ~~conditions~~.	+	* Document No. 5, Subcontract Conditions.
−	* Document No. 6, Subcontract ~~appendices~~.	+	* Document No. 6, Subcontract Appendices.
−	* Document No. 7, Consultancy ~~appointment~~.	+	* Document No. 7, Consultancy Appointment.
−	* Document No. 8, Schedules 8 and 9 for the ~~appointment~~ of the ~~time manager~~.	+	* Document No. 8, Schedules 8 and 9 for the Appointment of the Time Manager.
−	* Document No. 9, Schedules 8 and 9 for the ~~appointment~~ of the ~~contract administrator~~.	+	* Document No. 9, Schedules 8 and 9 for the Appointment of the Contract dministrator.
−	* Document No. 10 User ~~notes~~.	+	* Document No. 10 User Notes.

−	The contract is intended for major construction or civil engineering projects which require a structured approach to time and cost risk management. It ~~can be used~~ by companies, public authorities and private individuals, where the construction works carried out by the contractor are based on a design prepared under the direction of the employer, or where the contractor designs some, or all of the works. It is also suitable for construction management and management contracting although in this case, some changes are required.	+	The contract is intended for major construction or civil engineering projects which require a structured approach to time and cost risk management. It is intended for use by companies, public authorities and private individuals where the construction works carried out by the contractor are based on a design prepared under the direction of the employer, or where the contractor designs some, or all of the works. It is also suitable for construction management and management contracting although in this case, some changes are required.

	It requires collaboration between the contractor, subcontractors, design consultants, time manager, cost manager, contract administrator and employer, who continuously appraise risk and take action to overcome and mitigate the consequences of time and cost risks and to bring forward completion dates where practical.		It requires collaboration between the contractor, subcontractors, design consultants, time manager, cost manager, contract administrator and employer, who continuously appraise risk and take action to overcome and mitigate the consequences of time and cost risks and to bring forward completion dates where practical.

−	Francis Ho, ~~head~~ of ~~construction at Olswang~~, said, "It's not a contract that needed a lot of changes. We made some minor clarifications and changes based on user feedback and consolidated some of the specialist roles to make the form seem less daunting…. The biggest news is that the main contract has finally been joined by a professional appointment and subcontract.“	+	Francis Ho, co-author of the contract, said of the new edition: "It's not a contract that needed a lot of changes. We made some minor clarifications and changes based on user feedback and consolidated some of the specialist roles to make the form seem less daunting…. The biggest news is that the main contract has finally been joined by a professional appointment and subcontract.“

−	Sarah Rock, an ~~associate~~ at RPC said, ~~“ The~~ suite is targeted at niche projects but within that sphere offers real flexibility in managing time and cost with the aim of avoiding disputes.”	+	Sarah Rock, formerly an Associate at law firm RPC said, “The suite is targeted at niche projects but within that sphere offers real flexibility in managing time and cost with the aim of avoiding disputes.”
−		+
−	~~--[[User:CIOB\|CIOB]]~~	+

	= Find out more =		= Find out more =
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	* Chartered Institute of Building.		* Chartered Institute of Building.
−	* Complex ~~projects contract~~.	+	* Complex Projects Contract.
	* Construction contracts.		* Construction contracts.
	* Flagship first project for CPC 2013		* Flagship first project for CPC 2013
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	=== External references ===		=== External references ===

−	* [http://www.construction-manager.co.uk/news/ciob-launches-rebrand2ed-ti3me-cost-manag9ement/ Construction Manager, CIOB ~~launches rebranded time~~ and ~~cost management contract~~. 27 November 2015].	+	* [http://www.construction-manager.co.uk/news/ciob-launches-rebrand2ed-ti3me-cost-manag9ement/ Construction Manager, CIOB Launches Rebranded Time and Cost Management Contract. 27 November 2015].

	[[Category:Contracts_/_payment]] [[Category:Procurement]]		[[Category:Contracts_/_payment]] [[Category:Procurement]]

Designing Buildings at 15:02, 9 September 2016

2016-09-09T15:02:56Z

← Older revision		Revision as of 15:02, 9 September 2016
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−
	The 'Contract for use with Complex Projects, First Edition 2013’ ('Complex Projects Contract 2013' or 'CPC 2013') was launched by the Chartered Institute of Building (CIOB) on 23 April 2013. It was thought to be the world’s first BIM-ready contract specifically aimed at the management of time in complex construction and engineering projects. It was suited for works of high value or complexity, major real estate projects and engineering / infrastructure projects. It was developed in response to research revealing that large and complex projects suffered time and cost overruns, and that greater contractual attention should be focussed on time and cost management.		The 'Contract for use with Complex Projects, First Edition 2013’ ('Complex Projects Contract 2013' or 'CPC 2013') was launched by the Chartered Institute of Building (CIOB) on 23 April 2013. It was thought to be the world’s first BIM-ready contract specifically aimed at the management of time in complex construction and engineering projects. It was suited for works of high value or complexity, major real estate projects and engineering / infrastructure projects. It was developed in response to research revealing that large and complex projects suffered time and cost overruns, and that greater contractual attention should be focussed on time and cost management.

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	It is intended for use with the CIOB’s [http://www.ciob.org/insight/time-and-cost-management-contract-suite Time and Cost Management Contract suite] which includes:		It is intended for use with the CIOB’s [http://www.ciob.org/insight/time-and-cost-management-contract-suite Time and Cost Management Contract suite] which includes:
−	*Document No. 1, Contract agreement.	+
−	*Document No. 2, Contract conditions.	+	* Document No. 1, Contract agreement.
−	*Document No. 3, Contract appendices.	+	* Document No. 2, Contract conditions.
−	*Document No. 4, Subcontract agreement.	+	* Document No. 3, Contract appendices.
−	*Document No. 5, Subcontract conditions.	+	* Document No. 4, Subcontract agreement.
−	*Document No. 6, Subcontract appendices.	+	* Document No. 5, Subcontract conditions.
−	*Document No. 7, Consultancy appointment.	+	* Document No. 6, Subcontract appendices.
−	*Document No. 8, Schedules 8 and 9 for the appointment of the time manager.	+	* Document No. 7, Consultancy appointment.
−	*Document No. 9, Schedules 8 and 9 for the appointment of the contract administrator.	+	* Document No. 8, Schedules 8 and 9 for the appointment of the time manager.
−	*Document No. 10 User notes.	+	* Document No. 9, Schedules 8 and 9 for the appointment of the contract administrator.
		+	* Document No. 10 User notes.

	The contract is intended for major construction or civil engineering projects which require a structured approach to time and cost risk management. It can be used by companies, public authorities and private individuals, where the construction works carried out by the contractor are based on a design prepared under the direction of the employer, or where the contractor designs some, or all of the works. It is also suitable for construction management and management contracting although in this case, some changes are required.		The contract is intended for major construction or civil engineering projects which require a structured approach to time and cost risk management. It can be used by companies, public authorities and private individuals, where the construction works carried out by the contractor are based on a design prepared under the direction of the employer, or where the contractor designs some, or all of the works. It is also suitable for construction management and management contracting although in this case, some changes are required.
Line 20:		Line 20:
	It requires collaboration between the contractor, subcontractors, design consultants, time manager, cost manager, contract administrator and employer, who continuously appraise risk and take action to overcome and mitigate the consequences of time and cost risks and to bring forward completion dates where practical.		It requires collaboration between the contractor, subcontractors, design consultants, time manager, cost manager, contract administrator and employer, who continuously appraise risk and take action to overcome and mitigate the consequences of time and cost risks and to bring forward completion dates where practical.

−	Francis Ho, head of construction at Olswang, said, "It's not a contract that needed a lot of changes. We made some minor clarifications and changes based on user feedback and consolidated some of the specialist roles to make the form seem less daunting…. The biggest news is that the main contract has finally been joined by a professional appointment and subcontract.“	+	Francis Ho, head of construction at Olswang, said, "It's not a contract that needed a lot of changes. We made some minor clarifications and changes based on user feedback and consolidated some of the specialist roles to make the form seem less daunting…. The biggest news is that the main contract has finally been joined by a professional appointment and subcontract.“

	Sarah Rock, an associate at RPC said, “ The suite is targeted at niche projects but within that sphere offers real flexibility in managing time and cost with the aim of avoiding disputes.”		Sarah Rock, an associate at RPC said, “ The suite is targeted at niche projects but within that sphere offers real flexibility in managing time and cost with the aim of avoiding disputes.”
		+
		+	--[[User:CIOB\|CIOB]]

	= Find out more =		= Find out more =

	=== Related articles on Designing Buildings Wiki ===		=== Related articles on Designing Buildings Wiki ===
−	*Chartered Institute of Building.	+
−	*Complex projects contract.	+	* Chartered Institute of Building.
−	*Construction contracts.	+	* Complex projects contract.
−	*Flagship first project for CPC 2013	+	* Construction contracts.
		+	* Flagship first project for CPC 2013

	=== External references ===		=== External references ===
−	*[http://www.construction-manager.co.uk/news/ciob-launches-rebrand2ed-ti3me-cost-manag9ement/ Construction Manager, CIOB launches rebranded time and cost management contract. 27 November 2015].

−	[[Category:Contracts_/_payment]]	+	* [http://www.construction-manager.co.uk/news/ciob-launches-rebrand2ed-ti3me-cost-manag9ement/ Construction Manager, CIOB launches rebranded time and cost management contract. 27 November 2015].
−	[[Category:Procurement]]	+
		+	[[Category:Contracts_/_payment]] [[Category:Procurement]]

Designing Buildings: moved Time and cost management contract to Time and cost management contract TCM15

2015-11-28T08:30:06Z

moved Time and cost management contract to Time and cost management contract TCM15

← Older revision

Revision as of 08:30, 28 November 2015

Designing Buildings at 08:29, 28 November 2015

2015-11-28T08:29:41Z

← Older revision		Revision as of 08:29, 28 November 2015
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−

	The 'Contract for use with Complex Projects, First Edition 2013’ ('Complex Projects Contract 2013' or 'CPC 2013') was launched by the Chartered Institute of Building (CIOB) on 23 April 2013. It was thought to be the world’s first BIM-ready contract specifically aimed at the management of time in complex construction and engineering projects. It was suited for works of high value or complexity, major real estate projects and engineering / infrastructure projects. It was developed in response to research revealing that large and complex projects suffered time and cost overruns, and that greater contractual attention should be focussed on time and cost management.		The 'Contract for use with Complex Projects, First Edition 2013’ ('Complex Projects Contract 2013' or 'CPC 2013') was launched by the Chartered Institute of Building (CIOB) on 23 April 2013. It was thought to be the world’s first BIM-ready contract specifically aimed at the management of time in complex construction and engineering projects. It was suited for works of high value or complexity, major real estate projects and engineering / infrastructure projects. It was developed in response to research revealing that large and complex projects suffered time and cost overruns, and that greater contractual attention should be focussed on time and cost management.
Line 5:		Line 4:
	In November 2015, the Complex Projects Contract was updated in response to feedback from the industry and renamed the Time and Cost Management contract (TCM15). The name has been changed to reflect the core strengths of the Contract.		In November 2015, the Complex Projects Contract was updated in response to feedback from the industry and renamed the Time and Cost Management contract (TCM15). The name has been changed to reflect the core strengths of the Contract.

−	It is intended for use with the CIOB’s [The%20name%20has%20been%20changed%20to%20reflect%20more%20clearly%20the%20core%20strengths%20of%20the%20Contract.%20The%20Time%20and%20Cost%20Management%20Contract%20is%20written%20for%20use%20with%20the%20Time%20and%20Cost%20Management%20Contract%20suite’s%20Subcontract%20and%20Consultancy%20Appointment%20to%20provide%20a%20uniform%20approach%20to%20time%20cost%20and%20risk%20management%20from%20initiation%20to%20completion%20of%20building%20and%20engineering%20projects.%20-%20See%20more%20at:%20http:/www.ciob.org/insight/time-and-cost-management-contract-suite~~#sthash.03hY3W2x.dpuf~~ Time and Cost Management Contract suite] which includes:	+	It is intended for use with the CIOB’s [http://www.ciob.org/insight/time-and-cost-management-contract-suite Time and Cost Management Contract suite] which includes:
−	*Document No. 1, Contract ~~Agreement~~.	+	*Document No. 1, Contract agreement.
−	*Document No. 2, Contract ~~Conditions~~.	+	*Document No. 2, Contract conditions.
−	*Document No. 3, Contract ~~Appendices~~.	+	*Document No. 3, Contract appendices.
−	*Document No. 4, Subcontract ~~Agreement~~.	+	*Document No. 4, Subcontract agreement.
−	*Document No. 5, Subcontract ~~Conditions~~.	+	*Document No. 5, Subcontract conditions.
−	*Document No. 6, Subcontract ~~Appendices~~.	+	*Document No. 6, Subcontract appendices.
−	*Document No. 7, Consultancy ~~Appointment~~.	+	*Document No. 7, Consultancy appointment.
−	*Document No. 8, Schedules 8 and 9 for the appointment of the ~~Time Manager~~.	+	*Document No. 8, Schedules 8 and 9 for the appointment of the time manager.
−	*Document No. 9, Schedules 8 and 9 for the appointment of the ~~Contract Administrator~~.	+	*Document No. 9, Schedules 8 and 9 for the appointment of the contract administrator.
−	*Document No. 10 User ~~Notes~~.	+	*Document No. 10 User notes.

−	The contract is intended for major construction or civil engineering projects which require a structured approach to time and cost risk management. It can be used by companies, public authorities and private individuals, where the construction works carried out by the contractor are based on a design prepared under the direction of the employer, or where the contractor to designs some, or all of the works. It is also suitable for construction management and management contracting although in this case, some changes are required.	+	The contract is intended for major construction or civil engineering projects which require a structured approach to time and cost risk management. It can be used by companies, public authorities and private individuals, where the construction works carried out by the contractor are based on a design prepared under the direction of the employer, or where the contractor designs some, or all of the works. It is also suitable for construction management and management contracting although in this case, some changes are required.

−	It ~~is a collaborative contract requiring~~ collaboration between the contractor, subcontractors, design consultants, time manager, cost manager, contract administrator and employer~~. They~~ continuously appraise risk and take action to overcome and mitigate the consequences of time and cost risks and to bring forward completion dates where practical.	+	It requires collaboration between the contractor, subcontractors, design consultants, time manager, cost manager, contract administrator and employer, who continuously appraise risk and take action to overcome and mitigate the consequences of time and cost risks and to bring forward completion dates where practical.

	Francis Ho, head of construction at Olswang, said, "It's not a contract that needed a lot of changes. We made some minor clarifications and changes based on user feedback and consolidated some of the specialist roles to make the form seem less daunting…. The biggest news is that the main contract has finally been joined by a professional appointment and subcontract.“		Francis Ho, head of construction at Olswang, said, "It's not a contract that needed a lot of changes. We made some minor clarifications and changes based on user feedback and consolidated some of the specialist roles to make the form seem less daunting…. The biggest news is that the main contract has finally been joined by a professional appointment and subcontract.“

−	Sarah Rock, an associate at RPC said, “ The suite is targeted at niche projects but within that sphere offers real flexibility in managing time and cost with the aim of avoiding disputes..”	+	Sarah Rock, an associate at RPC said, “ The suite is targeted at niche projects but within that sphere offers real flexibility in managing time and cost with the aim of avoiding disputes.”

	= Find out more =		= Find out more =

Designing Buildings: Created page with " The 'Contract for use with Complex Projects, First Edition 2013’ ('Complex Projects Contract 2013' or 'CPC 2013') was launched by the Chartered Institute of Building (CIOB) o..."

2015-11-28T08:25:25Z

Created page with " The 'Contract for use with Complex Projects, First Edition 2013’ ('Complex Projects Contract 2013' or 'CPC 2013') was launched by the Chartered Institute of Building (CIOB) o..."

New page

The 'Contract for use with Complex Projects, First Edition 2013’ ('Complex Projects Contract 2013' or 'CPC 2013') was launched by the Chartered Institute of Building (CIOB) on 23 April 2013. It was thought to be the world’s first BIM-ready contract specifically aimed at the management of time in complex construction and engineering projects. It was suited for works of high value or complexity, major real estate projects and engineering / infrastructure projects. It was developed in response to research revealing that large and complex projects suffered time and cost overruns, and that greater contractual attention should be focussed on time and cost management.

In November 2015, the Complex Projects Contract was updated in response to feedback from the industry and renamed the Time and Cost Management contract (TCM15). The name has been changed to reflect the core strengths of the Contract.

It is intended for use with the CIOB’s [The%20name%20has%20been%20changed%20to%20reflect%20more%20clearly%20the%20core%20strengths%20of%20the%20Contract.%20The%20Time%20and%20Cost%20Management%20Contract%20is%20written%20for%20use%20with%20the%20Time%20and%20Cost%20Management%20Contract%20suite’s%20Subcontract%20and%20Consultancy%20Appointment%20to%20provide%20a%20uniform%20approach%20to%20time%20cost%20and%20risk%20management%20from%20initiation%20to%20completion%20of%20building%20and%20engineering%20projects.%20-%20See%20more%20at:%20http:/www.ciob.org/insight/time-and-cost-management-contract-suite#sthash.03hY3W2x.dpuf Time and Cost Management Contract suite] which includes:
*Document No. 1, Contract Agreement.
*Document No. 2, Contract Conditions.
*Document No. 3, Contract Appendices.
*Document No. 4, Subcontract Agreement.
*Document No. 5, Subcontract Conditions.
*Document No. 6, Subcontract Appendices.
*Document No. 7, Consultancy Appointment.
*Document No. 8, Schedules 8 and 9 for the appointment of the Time Manager.
*Document No. 9, Schedules 8 and 9 for the appointment of the Contract Administrator.
*Document No. 10 User Notes.

The contract is intended for major construction or civil engineering projects which require a structured approach to time and cost risk management. It can be used by companies, public authorities and private individuals, where the construction works carried out by the contractor are based on a design prepared under the direction of the employer, or where the contractor to designs some, or all of the works. It is also suitable for construction management and management contracting although in this case, some changes are required.

It is a collaborative contract requiring collaboration between the contractor, subcontractors, design consultants, time manager, cost manager, contract administrator and employer. They continuously appraise risk and take action to overcome and mitigate the consequences of time and cost risks and to bring forward completion dates where practical.

Francis Ho, head of construction at Olswang, said, "It's not a contract that needed a lot of changes. We made some minor clarifications and changes based on user feedback and consolidated some of the specialist roles to make the form seem less daunting…. The biggest news is that the main contract has finally been joined by a professional appointment and subcontract.“

Sarah Rock, an associate at RPC said, “ The suite is targeted at niche projects but within that sphere offers real flexibility in managing time and cost with the aim of avoiding disputes..”

= Find out more =

=== Related articles on Designing Buildings Wiki ===
*Chartered Institute of Building.
*Complex projects contract.
*Construction contracts.
*Flagship first project for CPC 2013

=== External references ===
*[http://www.construction-manager.co.uk/news/ciob-launches-rebrand2ed-ti3me-cost-manag9ement/ Construction Manager, CIOB launches rebranded time and cost management contract. 27 November 2015].

[[Category:Contracts_/_payment]]
[[Category:Procurement]]