JCT


Also found in: Dictionary, Acronyms, Encyclopedia, Wikipedia.

JCT

abbreviation for Joint Contract Tribunal, a building industry body established in 1931 comprising all interested parties that promulgates standard form contracts (and subcontracts) for all sorts of building work. Its interpretation is a specialist field because many disputes go to private arbitration. The latest is JCT 2005.
References in periodicals archive ?
Richard James, managing director of GSCCO, said: "The milestones we have achieved at JCT are an indication of our commitment to consistently delivering best-in-class performance.
Gulf Stevedoring's presence in Saudi Arabia, spanning over 30 years, has included cargo operations in Dammam, operations of the South Terminal before its concession and more recently, the opening and operation of JCT making Gulf Stevedoring the only company to operate container terminals on both coasts of the Kingdom of Saudi Arabia.
The JCT analysts don't break out the effects of the Senate version of this provision on life insurers, but, when Camp proposed his version of the life NOL change in 2014, JCT analysts estimated it would produce a gain of $300 million over 10 years.
TEI commends the NTA for adopting a reverse charge mechanism for B2B electronic services supplied by foreign businesses and maintains this mechanism should apply to all purchases of electronic services made by Japanese businesses with a restricted right to recover JCT.
Based on my experience as the director of CBO from January 2009 through March 2015, I believe the principal concerns expressed about estimating the macroeconomic effects of proposals apply with equal force to other aspects of budget estimates or can be addressed by CBO and JCT.
This extension will result in a $300 million revenue reduction over 10 years, according to the JCT.
The rule that the JCT staff must score any legislative tax proposal imbues the committee with an awesome power.
CBO and JCT now estimate that between 18 and 19 million uninsured people in 2016 will qualify for one or more of those exemptions.
JCT staff don't incorporate into their findings the well-established "macroeconomic" impact that fundamental tax reform or other major tax changes would have.
Bal, who originally trained at an international firm before coming to the region, has particular expertise in drafting bespoke construction contracts, as well as negotiating the terms and conditions in standard forms of contract including JCT, NEC, ICE, and PPC.
Dubai Rocked with the recent disbanding of their two most successful clubs Mahindra United and JCT FC, Indian football has been dealt a breath of revival after Pailan World Group signed a five-year-deal to back the Indian Arrows on Sunday.
The college has in place an active twinning program with City College, and has received exchange students and sent JCT instructors for training to the UK.