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If banking can use digital contracts... why not construction? #COMIT2018

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Presentation by Sarah Fox, 500 words Ltd at the 2018 Construction Mobile IT Conference 'Digital Construction: Lighting the Way' at the Hallam Conference Centre, London on 24th and 25th May 2018. More information at http://www.comit.org.uk/cconference-2018

Published in: Law
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If banking can use digital contracts... why not construction? #COMIT2018

  1. 1. If banking can use digital contracts... why not construction? Sarah Fox, 500 Words Ltd
  2. 2. #TrustworthyLydianCoins
  3. 3. Challenge 1: Technology
  4. 4. #TrackLegalCompletion
  5. 5. Challenge 2: Language (words words words)
  6. 6. 0 10000 20000 30000 JCT DB 2016 CIOB Complex 2013 ACA PPC 2000 NEC4 Core Schedules etc Core Conditions SOURCE: Research by 500 Words Ltd
  7. 7. #TinyLittleContracts 0% 10% 20% 30% 40% 50% Simpler language Simpler contracts Simpler to adapt % respondents Survey � 500 Words Ltd, 2015
  8. 8. Challenge 3: Conduct
  9. 9. #TransparentLiveCollaborative 0% 10% 20% 30% 40% 50% Fairer risk allocation Earlier contractor involvement Collaborative approach % respondents Survey � 500 Words Ltd, 2015
  10. 10. #GetYourTLC Technology Language Conduct #TinyLittleContracts Transparent Live Collaborative

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