| ConsensusDOCS to Release 11 New Standard Form Documents Including a Federal Subcontract |
A new subcontract for federal work, ConsensusDOCS™ 752, Subcontract for Federal Government Construction Projects, is scheduled to be released along with 10 other new documents near the end of May. NASBP, one of the endorsing members of the ConsensusDOCS coalition, believes that the new federal Subcontract, 752, will be helpful to many contractors subcontractors who are pursuing federal work, because the new standard form includes provisions that address new changes to the Federal Acquisition Regulation (FAR) including requirements for electronic employment verification, prompt payment, ethics, and flow down of responsibility to the subcontractor tier.
NASBP First Vice President Todd Loehnert said, “The ConsensusDOCS 752 will help contractors and subcontractors be in compliance, especially for those that are doing public work for the first time and that may not be familiar with all that is entailed in performing federal work.”
“With this May release of these 11 new ConsensusDOCS Documents, ConsensusDOCS demonstrates how ConsensusDOCS continues to represent the most comprehensive library of industry-produced standard forms, including bond forms,” Loehnert said. “NASBP plans to continue to participate in this effort and to maintain its “seat at the table” as these and other forms are revised and delivered,” he added. To Purchase ConsensusDOCS Documents at NASBP Member/Affiliate Discount NASBP is an endorsing organization of the ConsensusDOCS coalition, an unprecedented effort by more than 20 other industry organizations to identify industry best practices and to incorporate such practices in a new generation of consensus industry standard form documents. |
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