Buildings - GC21 Managing Contractor

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Link to current version:

GC21 General Conditions of Contract and Contract Information
Current update - version 9C, July 2024

Current Contract Amendments

Clause	Comments
Clause 103	Payments – Clause 103.1 ‘When given a Payment Claim by the Contractor, the Principal must within 10 Business Days’ Updated to ‘within 4 Business Days’.
Clause 103	Clause 103.5.1 ‘the number of days specified in Contract Information item 53.C (or if no period is specified then 14 Calendar days) after expiry of the 10 Business Day period in clause 103.1; and’ Updated and replaced with: ‘the number of days specified in Contract Information item 53.C (or if no period is specified then 6 Business days) after expiry of the 4 Business Day period in clause 103.1; and’
Contract Information	Item 27 – Payment for Subcontract Deleted: ‘Maximum period before payment for subcontract - 22 Business days’ And replace with: ‘Maximum period for payment under Subcontract – 10 Business Days’
Contract Information	Item 35 – Professional Indemnity Insurance Minimum Cover - $5,000,000 Added: ‘And in any case, the above amount is per occurrence and in aggregate.’ Period of Cover Added: ‘In addition to the above, where the Principal’s Novated Consultant has been novated to the Contractor, the Contractor must ensure that the Principal’s Novated Consultant continues to maintain the professional indemnity and other insurance required under the relevant agreement with the Principal’s Novated Consultant. The Principal’s Novated Consultant Professional Indemnity Insurance requirement is a minimum of $XXXXXX’
Contract Information	Item 53 Payment date and method C -Time for payment ’14 calendar days’ replaced with ‘6 Business Days’