The ConsensusDocs Coalition has published comprehensive revisions to five of its prime and subcontract agreements, which address industry changes impacting insurance, legal, technology, and terminology. The five documents include 200, 204, 240, 750, and 751. Eight other documents with similar revisions will be published in 2017. See the full titles of these documents below.
“This update reaffirms that using fair contracts to get better project results with fewer claims makes sense for today’s construction industry,” said Brian Perlberg, ConsensusDocs Executive Director. He added, “In order to stay ahead of the curve, refinements addressing changes in the insurance market, technology advances, and terminology refinements are being published. Fundamental principles of owner active engagement, direct and positive party communications, clear and understandable legal writing remain in place.”
After soliciting and receiving extensive feedback, the comprehensive revisions to various key ConsensusDocs forms result from the combined effort of thousands of volunteer hours invested by the ConsensusDocs Content Advisory Council, the significant contributions and support of the 40 member organizations, as well as invaluable feedback of industry participants, attorneys, and other design, construction, insurance and surety professionals who use the ConsensusDocs family of documents. For more information about the specific updates to these documents, see the article written by Phil Beck, a partner at the law firm of Smith, Currie & Hancock, LLP, and titled, "Changes in the Construction Industry and Construction Law Require "2016 Revisions" to ConsensusDocs."
• ConsensusDocs 200 Owner & Constructor Agreement
• ConsensusDocs 205 Owner & Constructor Short Form Agreement
• ConsensusDocs 240 Owner & Design Professional Agreement
• ConsensusDocs 750 Constructor & Subcontractor Agreement
• ConsensusDocs 751 Constructor & Subcontractor Short Form Agreement
Coming in early 2017:
• ConsensusDocs 235 Owner & Constructor Short Form Agreement (Cost of Work)
• ConsensusDocs 245 Owner & Design Professional Short Form Agreement
• ConsensusDocs 410 Owner & Design-Builder Agreement (Cost of Work Plus Fee with GMP)
• ConsensusDocs 415 Owner & Design-Builder Agreement (Lump Sum)
• ConsensusDocs 420 Design-Builder & Design Professional Agreement
• ConsensusDocs 450 Design-Builder & Subcontractor Agreement
• ConsensusDocs 460 Design-Builder & Subcontract Agreement (Cost Plus with GMP)
• ConsensusDocs 500 Owner & Construction Manager Agreement (GMP with Preconstruction Services Option)
Remember, because NASBP is a participating member of the ConsensusDocs Coalition, the NASBP membership can use the NASBP100 discount code for a 20% discount to purchase other ConsensusDocs.org contract subscription packages. Anyone can request a free sample of a ConsensusDocs document to review from www.consensusdocs.org.
Free ConsensusDocs Software Training Videos and Webinars Recently Updated
ConsensusDocs offers free, monthly training webinars to help users learn about the variety of features and tools available that can assist in contract negotiations using the ConsensusDocs Platform. Or, learn on your own schedule by watching the updated training videos at https://consensusdocs.org/Training_Videos.
Register for the live training webinars at http://www.consensusdocs.org/Support.
Request a Free Sample ConsensusDocs Contract
Remember that full, sample ConsensusDocs contracts can be requested. To request a full sample ConsensusDocs contract for your internal review purposes, fill out the ConsensusDocs Sample Request form that is at www.consensusdocs.org. Note that any use of the contract, other than for internal review purposes, must come from a valid subscription purchase at www.ConsensusDocs.org.
Anyone interested in using ConsensusDocs for educational or legal research purposes can apply for a free ConsensusDocs copyright license. Once the application is processed, applicants will receive a numbered copyright license letter and full watermarked samples of the requested documents. Licenses must be renewed on a yearly basis and are contingent upon compliance with the terms of the license letter. To complete an application for copyright licensing, visit the resources page at ConsensusDocs.org.
ConsensusDocs Documents are the only contracts endorsed by 40 leading design and construction industry organizations. Offering a library of 100+ contract documents addressing all methods of project delivery, ConsensusDocs incorporate fair risk allocation and best practices to represent the project’s best interests. Coalition members represent design professionals, owners, contractors, subcontractors and sureties (DOCS). For more information, visit www.ConsensusDocs.org, call 1-866-925-DOCS (3627) or email support@ConsensusDocs.org.
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 construction industry standard form documents. Find out more at the NASBP's involvement with ConsensusDocs by clicking here.