ConsensusDocs Publishes Updated Agreement Between Owner and Trade Contractor

The ConsensusDocs 850 Agreement Between Owner and Trade Contractor is the latest release by ConsensusDocs Coalition. The standard contract document was updated to reflect today’s construction needs. The agreement allows an owner to contract with a builder when construction management (CM) agency is used (and not a single general contractor). This agreement can be used for a multi-prime, CM, agency, or owner acting as its own CM. This contractual arrangement is appropriate when construction management services are provided externally by a CM or by the owner itself.

“Projects using multiple prime contractors, sophisticated Owners acting as their own CM, and Owners who elect to use agency CM will all greatly benefit from this updated standard construction contract – the first industry contract document to explicitly address all of these project approaches,” states Phil Beck, Chair of the ConsensusDocs Content Advisory Council and Partner at Smith, Currie & Hancock LLP.

One significant change provides quicker payment to early-finishing specialty trade contractors when the trade contract work is complete, rather than the project’s overall completion.

The NASBP membership receives a 20% discount on all ConsensusDocs purchases. Simply use Discount Code “NASBP400” when prompted at purchase at www.ConsensusDocs.org.

New ConsensusDocs Construction Law Newsletter

Receiving concise and free information that impacts your bottom line is both useful and rare. The new ConsensusDocs newsletter provides you with contract and construction law information that impacts your risk profile. ConsensusDocs is working with some of the best law firms in the industry to provide you with up-to-date and relevant information that will be delivered bi-monthly. Click here to view and start your Free Subscription to the ConsensusDocs Construction Law newsletter.

ConsensusDocs Software Training Webinars

The following are free online tours of the ConsensusDocs cloud-based platform training sessions:

This 60-minute webinar addresses these aspects of the ConsensusDocs technology platform:

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.

Copyright Licensing

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.

Remember: The NASBP membership receives a 20% discount on all ConsensusDocs purchases. Simply use Discount Code “NASBP400” when prompted at purchase at www.ConsensusDocs.org.

ConsensusDocs Documents are the only contracts endorsed by 41 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 41 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.