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15th AnniversaryConsensusDocs will celebrate its 15-year anniversary on September 7. In celebration, NASBP has compiled the following 15 points everyone should know about ConsensusDocs.

  1. NASBP is proud to be one of the first to join the ConsensusDocs Coalition when it formed in 2007.
  2. NASBP provides free access to the 11 ConsensusDocs bond forms to its Members and Affiliates here: https://learn.nasbp.org/p/ConsensusDocs (NASBP member login required.)
  3. NASBP is an endorsing coalition member of ConsensusDocs, which consists of 41 prominent construction organizations that collectively represent over more than 300,000 individuals. See here: https://www.consensusdocs.org/about-us-consensusdocs-coalition/
  4. NASBP is among the voices of the A/E/C industry that support ConsensusDocs agreements that incorporate fair risk allocation and best practices to represent the project’s best interests.
  5. NASBP members and their clients have a valuable resource in the ConsensusDocs Performance and Payment Bonds Resource Center here: https://www.consensusdocs.org/performance-and-payment-bonds-resource-center/ 
  6. NASBP CEO Mark McCallum is frequently quoted in ConsensusDocs publications and messaging.
  7. NASBP members and their clients have a valuable resource in the ConsensusDocs Price Escalation Resource Center here: https://www.consensusdocs.org/price-escalation-clause/
  8. The NASBP logo is at the top of the ConsensusDocs documents that NASBP endorses. These are the 11 bond forms:
    1. ConsensusDocs 260: Performance Bond Form (coordinated with agreements between contractor and owner)
    2. ConsensusDocs 261: Payment Bond Form (coordinated with agreements between contractor and owner)
    3. ConsensusDocs 262: Bid Bond
    4. ConsensusDocs 263: Warranty Bond (coordinated for the agreements between contractor and owner)
    5. ConsensusDocs 470: Design-Build Performance Bond (Surety Liable for Design Costs)
    6. ConsensusDocs 471: Design-Build Performance Bond (Surety Not Liable for Design Costs)
    7. ConsensusDocs 472: Design-Build Payment Bond (Surety Liable for Design Costs)
    8. ConsensusDocs 473: Design-Build Payment Bond (Surety Not Liable for Design Costs)
    9. ConsensusDocs 706: Subcontract Performance Bond
    10. ConsensusDocs 707: Subcontract Payment Bond
    11. ConsensusDocs 760: Subcontract Bid Bond

     

  9. NASBP maintains a microsite at nasbp.org that describes the ConsensusDocs benefits and resources available to NASBP members. See here: https://www.nasbp.org/consensusdocs/home (NASBP member login required).
  10. Since ConsensusDocs formed in 2007, NASBP has promoted ConsensusDocs in 90 NASBP Pipeline e-newsletter issues!
  11. ConsensusDocs contracts address the latest industry innovations – BIM, Integrated Project Delivery, and Lean Construction.
  12. NASBP frequently promotes and supports ConsensusDocs webinars.
  13. NASBP participated in the development, drafting, and updates of the 11 ConsensusDocs bond forms. See NASBP Surety Bond Quarterly articles published over the years about ConsensusDocs:
    1. https://www.suretybondquarterly-digital.com/sbpq/0420_winter_2020/MobilePagedReplica.action?pm=1&folio=37#pg37
    2. https://www.suretybondquarterly-digital.com/sbpq/0420_winter_2020/MobilePagedArticle.action?articleId=1643044#articleId1643044
    3. https://www.suretybondquarterly-digital.com/sbpq/0119_spring_2019/MobilePagedArticle.action?articleId=1470868#articleId1470868
    4. https://www.nxtbook.com/naylor/SBPQ/SBPQ0315/index.php?startid=29&qs=ConsensusDocs#/p/28
  14. The NASBP membership can save 20% on ConsensusDocs document subscription packages from the ConsensusDocs online store if this Promotion Code: 7VU89T9P is provided at time of purchase.
  15. The more than 110 ConsensusDocs standard form contract documents are available 24/7 through a secure, cloud-based system that can be customized just as Microsoft Word can be. After purchase of an annual subscription to one or more of the ConsensusDocs packages, the cloud lets anyone collaborate on your contracts for fee. You control editing rights, can view changes between documents, and convert your own documents between Word and pdf. User instructions are embedded in the ConsensusDocs contracts. For more information, go here: https://www.consensusdocs.org/contracts/

For more information about NASBP’s active role as an endorsing member of ConsensusDocs, visit nasbp.org.

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The NASBP membership can save 20% on ConsensusDocs document subscription packages using new promo code!

Because NASBP is an endorsing member of ConsensusDocs, the NASBP membership is entitled to nearly 18% off of their purchase of ConsensusDocs subscription packages from ConsensusDocs at the ConsensusDocs online store when the following discount code is provided when prompted during purchase, Promotion Code: 7VU89T9P.

For more information, visit consensusdocs.org.
For information about the ConsensusDocs bond forms, visit nasbp.org.
NASBP also provides the ConsensusDocs bond forms for download from learn.nasbp.org.

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.

Publish Date
July 1, 2022
Issue
Year
2022
Month
July
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