The General Conditions of Contract for Construction Works 2010 (GCC 2010) is a standard form of contract used in the construction industry. It was created by the Construction Industry Development Board (CIDB), a statutory body in Malaysia that promotes and regulates the construction industry.
The GCC 2010 provides a framework for the relationship between the employer and the contractor during the construction process. It sets out the rights and obligations of each party, as well as the procedures for dealing with disputes and changes to the contract.
One of the key features of the GCC 2010 is its focus on risk allocation. The contract is designed to ensure that risks are allocated to the party best able to manage them. For example, the contractor is responsible for the construction process and the quality of the work, while the employer is responsible for providing the necessary information and approvals.
The contract also includes provisions for dealing with changes to the project. If the employer wants to change the scope of the work, for example, they must issue a variation order and negotiate the cost and time implications with the contractor. This helps to ensure that changes are properly managed and do not disrupt the project schedule.
Another important aspect of the GCC 2010 is its emphasis on dispute resolution. The contract sets out a procedure for resolving disputes that involves negotiation, mediation, and arbitration. This helps to ensure that disputes are resolved quickly and efficiently, without the need for costly and time-consuming litigation.
From an SEO perspective, it is important to note that the GCC 2010 is a commonly used standard form of contract in the construction industry. Contractors and employers who are familiar with the contract will be better able to negotiate and manage their relationships, which could lead to better project outcomes and a more positive reputation in the industry.
In conclusion, the General Conditions of Contract for Construction Works 2010 is a comprehensive and widely used standard form of contract in the construction industry. It provides a framework for managing the relationship between the employer and the contractor, and includes provisions for managing risk, dealing with changes, and resolving disputes. Employers and contractors who are familiar with the contract will be well positioned to negotiate and manage their relationships, leading to more successful projects and a stronger reputation in the industry.