The Agreement and Schedule of Conditions of Building Contract 1986, also known as the JCT 1986 Contract, is a standard form of contract used in the construction industry in the United Kingdom. It outlines the terms and conditions of the agreement between the client and the contractor for the construction of a building or other structure.

The JCT 1986 Contract is primarily used for small to medium-sized construction projects and is suitable for both new builds and refurbishments. The contract is designed to provide a framework for the management of the project, ensuring that all parties understand their obligations and responsibilities.

One of the key features of the JCT 1986 Contract is the provision for payment. The contract sets out a clear payment schedule, with payment being made in stages throughout the construction process. This provides the client with a degree of certainty and ensures that the contractor is paid for the work they have completed.

The JCT 1986 Contract also includes provisions for variations to the scope of work. It outlines the process by which any changes to the original plan must be agreed upon and implemented. This helps to prevent disputes between the client and the contractor and ensures that the project runs smoothly.

Another important aspect of the JCT 1986 Contract is the provision for insurance. The contract requires both the client and the contractor to have insurance in place to cover any potential losses or damages that may occur during the construction process. This helps to protect both parties and provides peace of mind throughout the project.

In conclusion, the Agreement and Schedule of Conditions of Building Contract 1986 is a well-established and widely used standard form of contract in the UK construction industry. With clear provisions for payment, variations, and insurance, it provides a framework for the successful completion of small to medium-sized construction projects. As a professional, it is important to highlight the key features of the JCT 1986 Contract to potential clients and ensure that they have a clear understanding of the terms and conditions of the agreement before commencing any construction work.