The New CCDC-2 Lump Sum Contract: What Has Changed and What did Not Change?

In late 2020, the Canadian Construction Documents Committee (CCDC) released a new version of the CCDC 2 Stipulated Price Contract, the industry standard prime contract across Canada between an owner and a prime contractor. While the vast majority of 2008 concepts and language have been preserved intact, there are several important differences and updates in the 2020 edition. The most significant change is the introduction of the “Ready-for-Takeover” project milestone. Ready-for-Takeover largely replaces Substantial Performance of the Work as the key milestone at the back end of the contract. This 60-minute online presentation will cover: What’s changed in the CCDC 2, with a close look at the Ready-for-Takeover milestone What’s stayed the same in the CCDC 2 The impact to industry practices and other contracts (such as subcontract agreements) As part of your registration, you will receive a PDF copy of CCDC 2 – 2020 watermarked “Education Only”. An electronic version may be purchased from The Edmonton Construction Association. FOLLOW & SUBSCRIBE Website: https://www.edmca.com/ Twitter:   / ecabuildsyeg   Facebook:   / ecabuildsyeg   Instagram:   / ecabuildsyeg   Issuu: https://issuu.com/edmca Mailchimp: https://eepurl.com/gTTy5j