The first edition of the ICE Conditions of Contract was launched in December 1945 and the subsequent editions have become one of the main form of standard contracts for UK civil engineering work. This new 7th edition has been drafted by Clients, Consultants, Contractors to provide a simple and standardised contract specifically tailored for civil engineering projects. It is been endorsed by the sponsoring bodies namely The Institution of Civil Engineers, The Association of Consulting Engineers and The Civil Engineering Contractors Association. The 7th edition is based on the traditional pattern of Engineer-designed, Contractor-built Works with valuation by measurement. It has, however, been revised and updated in line with the recommendations made by the Latham Review and fully supports and promotes the benefits of teamworking and current procurement initiatives propounded by the Egan report. If the procedures as set out in the Contract are followed, the parties to the Contract are provided with a co-operative form of contract that should prevent delays or give rise to additional costs at any stage of a Contract. Other major changes that have been incorporated into the new 7th edition relate to: The Landfill Tax Regulations 1996 The Finance Act 1996 The Housing Grants, Construction and Regeneration Act 1996 The ICE Form of Default Bond This new 7th edition replaces all its predecessors, and like them it will become one of the main forms of contract for UK civil engineering works.