On Friday, Sept. 28, a group of 20 construction associations representing designers, owners, contractors, subcontractors and sureties launched ConsensusDocs, with more than 70 collaboratively drafted construction contracts.
The release of ConsensusDocs marks the first time broad industry representation has had an equal voice in collaboratively drafting construction contracts. The collection includes more than 70 documents that address all aspects of project development and delivery from design to bid to build.
“The release of ConsensusDocs is one of the most significant industry developments in the last 20 years,” says Stephen E. Sandherr, CEO of the Associated General Contractors of America. “We believe this effort will positively transform the industry’s use of standard contract documents.”
The documents aim to help parties focus on better project results, rather than negotiating risk-shifting contract terms or worse, contract claims in court, to assess fault. The contracts and forms address emerging issues such as electronic communications and building information modeling.
