Free ConsensusDocs July 1 Webinar: Advantages of ConsensusDocs in Comparison to AIA Contracts
On Wednesday, July 1 at 2 p.m. Eastern, ConsensusDocs is offering a webinar titled “8 Advantages ConsensusDocs Offers Over AIA A201 in Addressing COVID-19 Risk in Construction Contracts.” Presenters Phil Beck, Partner with the law firm Smith, Currie & Hancock LLP, and Brian Perlberg, Executive Director and Senior Counsel of ConsensusDocs, will provide an overview of how ConsensusDocs contracts address COVID-19 for contracts that were signed before the outbreak of the coronavirus epidemic and how ConsensusDocs provides contractual best practices that should be implemented going forward, including how to ask for project financial information assurances from owners in a reasonable manner.
The webinar is free to attend, but ConsensusDocs is encouraging attendees to make a donation to a construction foundation or charity. After registration, the confirmation email will include links to charities and foundations. Members of ConsensusDocs, including NASBP, have suggested charities for inclusion. NASBP has suggested Construction Industry Alliance for Suicide Prevention (CIASP). If you would like to donate to CIASP, regardless of attending the ConsensusDocs webinar, you can do so here: https://preventconstructionsuicide.com/donate.
Register for the ConsensusDocs webinar here: https://register.gotowebinar.com/register/7907489022709001229.
ConsensusDocs Publishes First Industry Standard Contract that Integrates Lean Practices for Design-Build Projects
ConsensusDocs recently published ConsensusDocs 431, the industry’s first standard contract document that tailors’ Lean practices to work with the design-build project delivery method. Lean practices are growing in importance to the AEC industry, because they improve value, efficiency, and relationships. Design-build is an alternative project delivery method that has grown in popularity and offers integrated design and construction services. However, before now, design-build projects have not explicitly incorporated lean practices contractually. Consequently, the ConsensusDocs 431 will help facilitate subscribers to obtain the vast majority of the benefits offered by Lean tools and processes without requiring an integrated project delivery (IPD) contract.
“Many people believe that you need an IPD contract to get the benefits of Lean,” said Brian Perlberg, Executive Director and Senior Counsel of ConsensusDocs. “This simply isn’t true," he said, adding "The ConsensusDocs 431 leverages the integration of design-build with the innovation and efficiency of Lean. This is good news because not everyone is ready to sign an integrated form of agreement (IFOA) like the ConsensusDocs 300 IPD agreement that requires three or more parties to all sign the same agreement.”
The Lean Design-Build Addendum coordinates with the ConsensusDocs 400 series of design-build agreements but can also be customized with other standard design-build agreements. By providing Lean practices in agreements explicitly, owners, design professionals, and builders have a contractual standard to utilize to collaborate more effectively, rather than rely upon cultural aspirations.
ConsensusDocs standard construction contracts are the only contracts written and endorsed by 40 construction organizations, including NASBP, that collectively represent over 300,000 companies and individuals. With a catalog of 100+ contract documents addressing all project delivery methods, ConsensusDocs contracts incorporate fair risk allocation and best practices to represent a project’s best interests. The Coalition’s organizations collectively represent hundreds of thousands of design professionals, owners, contractors, subcontractors, and sureties. For more information, visit www.ConsensusDocs.org, call 866-925-DOCS (3627) or email support@ConsensusDocs.org.
The NASBP membership can save 20% on ConsensusDocs document subscription packages
Because NASBP is an endorsing member of ConsensusDocs, the NASBP membership receives 20% off of their purchase of ConsensusDocs subscription packages from ConsensusDocs at the ConsensusDocs online store when they provide the following discount code when prompted during purchase, Promotion Code: NASBP100.
For more information, visit consensusdocs.org.
For information about the ConsensusDocs bond forms, visit nasbp.org.