The Chartered Institute of Building has issued the 2015 edition of its 2013 Complex Projects Contract, with a name change and updates to take account of industry feedback. Now known as the Time and Cost Management Contract, it is said to be most suitable for projects which cannot be effectively managed intuitively and which require for their success a more scientific approach to time and cost risk management than is usual on more simple projects. It is written for use with the 2015 subcontract and consultancy appointment.

For further information on this topic please contact Chris Fellowes at Mayer Brown International LLP by telephone (+44 20 3130 3000) or email (cfellowes@mayerbrown.com). The Mayer Brown International LLP website can be accessed at www.mayerbrown.com.

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