NASBP is proud to be one of the first Endorsing Members of the ConsensusDocs Coalition Established in 2007
NASBP is an endorsing organization of the ConsensusDocs coalition, an unprecedented effort by 40 industry organizations to identify industry best practices and to incorporate such practices in a new generation of consensus industry standard form documents. By fairly allocating risk and incorporating best practices, ConsensusDocs help reduce costly claims and contingencies, saving project time and money.
ConsensusDocs Offers Surety Professionals Numerous Resources
ConsensusDocs offers surety professionals a variety of free resources to help them conduct business, including detailed information on their construction clients' project delivery options as well as sample construction contracts. Below is a list of some of these resources available at the ConsensusDocs web site.
Articles – a variety of topics are covered including IPD, BIM, green building, federal subcontracting and much more, with new additions on a regular basis
– ConsensusDocs/ American Institute of Architects /Associated General Contractors, helps you convert from AGC or AIA documents to ensure you get the proper ConsensusDocs document
– assists you with completing contract documents and helps with issue-spotting
– helps you determine the proper contract documents for your project
– provides you with free use of ConsensusDocs for educational purposes
Excerpted Sample Contracts
– excerpted samples are available via the website, for full samples email support@ConsensusDocs.org
– articles and matrices that compare ConsensusDocs, AIA and EJCDC contract clauses
10 Reasons/Owners Brochure
– helps you inform construction project owners why their project needs ConsensusDocs
– issues include Green Building, Federal Subcontracting, Subsubcontracting, with more to come
– so you know the latest news from ConsensusDocs
Visit the ConsensusDocs
website to download these free resources and more.
ConsensusDocs documents are the only standard contracts written and endorsed by a coalition of 40 leading design and construction industry associations. NASBP members receive a 20% discount on all ConsensusDocs products that they can purchase at www.ConsensusDocs.org and use the Discount Code “NASBP400”. For more information, contact Lynette Nichols at (703) 837-5390 or firstname.lastname@example.org.
ConsensusDocs Releases a New Joint Venture Line Item Agreement, ConsensusDocs 297
ConsensusDocs released a new ConsensusDocs 297 Joint Venture Line Item Agreement earlier this month. The agreement is the first standard line item venture agreement that accommodates joint ventures between contractors, construction managers, design-builders, design professionals and other parties. Be sure to read the Legal Spotlight article in the July/August 2013 Pipeline
where NASBP General Counsel Martha Perkins described some of the provisions of ConsensusDocs 297.
ConsensusDocs is the only publisher of standards construction documents that accommodates a number of formations of joint venture arrangements, which have become increasingly important in today’s design and construction industry. The line item version is a significant addition because many joint ventures divide joint venture responsibilities by specific work order tasks rather than a general percentage of responsibility.
“This agreement makes it easier for multiple parties to combine efforts, expertise and resources, share project risks, and meet socio-economic goals of federal programs,” said Kory D. George, partner at Woods & Aitken LLP and chair of the ConsensusDocs joint venture working group.
Companies working on joint ventures now have an additional standardized form that simplifies obtaining signed contracts and seeing work performed. The form can be used at the teaming or proposal development stage, as well as for project performance. Line item joint ventures are common for highway or horizontal design and construction work, as it often makes more sense to delineate specific work responsibilities. “Rather than take a one-size fits all approach, our documents provide options that reflect the complexity of today’s contractual relationships in the construction industry,” said Brian Perlberg, Executive Director of ConsensusDocs.
For New Technology Platform Packaging and Pricing, click here
To view the new ConsensusDOCS Contracts Catalogue, updated with the new web platform, click here
NASBP membership can save 20% on ConsensusDocs document subscription packages
Because NASBP is an endorsing member of ConsensusDocs, the NASBP membership receives 20% off of their purchase of ConsensusDocs subscription packages from ConsensusDocs http://consensusdocs.org/
when they provide the following discount code when prompted during purchase, Promotion Code: NASBP400
. For more information, visit http://consensusdocs.org/
ConsensusDocs Includes 11 Bond Forms
ConsensusDocs includes 11 bond forms, of which NASBP has obtained free access through special agreement with AGC. NASBP members and affiliates that want to access these free forms can go to the tab "Bond Forms" at the top of this NASBP web page. Access requires a NASBP login and agreement to the License. The titles of the bond forms are as follows.
||ConsensusDocs 260: Performance Bond Form (coordinated with agreements between contractor and owner)
||ConsensusDocs 261: Payment Bond Form (coordinated with agreements between contractor and owner)
||ConsensusDocs 262: Bid Bond
||ConsensusDocs 263: Warranty Bond (coordinated for the agreements between contractor and owner)
||ConsensusDocs 470: Design-Build Performance Bond (Surety Liable for Design Costs)
||ConsensusDocs 471: Design-Build Performance Bond (Surety Not Liable for Design Costs)
||ConsensusDocs 472: Design-Build Payment Bond (Surety Liable for Design Costs)
||ConsensusDocs 473: Design-Build Payment Bond (Surety Not Liable for Design Costs)
||ConsensusDocs 706: Subcontract Performance Bond
||ConsensusDocs 707: Subcontract Payment Bond
||ConsensusDocs 760: Subcontract Bid Bond
For more information, contact Kathy Hoffman at email@example.com.