“Without a doubt, ConsensusDocs wouldn’t exist without the efforts and ideas of NASBP,” Perlberg said, adding that NASBP staff were instrumental in forming the ConsensusDocs Coalition
NASBP CEO Mark McCallum is quoted (page 9) in the new ConsensusDocs publication, "Standardized Contracts: Streamlining Projects in Today's Fast-Paced Construction Market."
Each form allows the agency to brand it using their agency logo and contact information. ConsensusDOCS NASBP is an endorsing organization of the ConsensusDocs Coalition, an unprecedented effort by 42 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.
In an effort to avoid introduction of unanticipated or unwanted terms and conditions into a hybrid supply/service contracting vehicle, ConsensusDocs recently released its first standard form “Subcontract” for modular construction—753 Standard Agreement Between Constructor and Prefabricator (“ConsensusDocs 753”). This article discusses a few of the intricacies of ConsensusDocs 753 and will explain why it is a terrible idea to staple a quote to the back of a P.O
Price Escalation Provisions None of the standard industry form General Conditions (AIA, EJCDC or ConsensusDocs) provide a clear path to additional compensation for unexpected material price escalations, nor do they contain price escalation clauses. For new contracts, consider seeking modification to the underlying general conditions, or adding other specific cost/price provisions. ConsensusDocs offers a standard form amendment that allows parties to address price volatility within the context of lump sum contracts
For example, Federal Acquisition Regulation (“FAR”) §16.203-3 permits price escalation provisions in certain agreements when the government’s Contracting Officer determines that the use of an escalation clause is necessary. Similarly, ConsensusDocs includes a price escalation provision amendment designed to establish “baseline prices” for materials identified by the parties as potentially “time and price-impacted” and provide a method for adjusting the contract price due to the fluctuation in those baseline prices. See ConsensusDocs 200.1, Amendment No. 1, “Potentially Time and Price-Impacted Materials.” In relevant part, the ConsensusDocs provision calls for price increases or decreases to specified materials, a “baseline price” for each material designation, and notice requirements for subsequent contract adjustments
For your specific state information, see the chart on the particular school pages linked below or email prodev@nasbp.org Supplemental materials for Summer 2024 Surety School students: Construction Executive Surety Supplement 2023 ConsensusDocs Bond Forms Access ConsensusDocs catalog Summer 2024 Surety School - Registration Open!
Other groups participating as a cooperating organization include the: AIA Contract Documents, American Bar Association Fidelity & Surety Law Committee, American Bar Association Forum on Construction Law, American College of Construction Lawyers, ConsensusDOCS, Construction Financial Management Association, Construction Management Association of America, Engineers Joint Contract Documents Committee, and National Society of Professional Engineers
Sandherr shares his insights on the commercial construction industry and offers a glimpse at the amazing work that has gone into ConsensusDocs of which NASBP is an endorsing coalition member, AGC’s educational offerings, and AGC’s government relations work that has aided in shaping policies for the benefit of the commercial construction industry