Construction is a risky business and so is predicting the future. Looking forward, two types of general contractors will exist: those that embrace change and plan accordingly, and those that stay the course and sink. Industry standard contracts establish the foundation for risk in construction, and they are changing too.
ConsensusDocs, a coalition effort that produces best practice standard construction contracts, has recently updated its most used prime and subcontract agreements as part of a five-year revision cycle...Read More
The key was getting away from the traditional perspective of a particular segment of the industry writing the contract to getting all the players perspectives to better align all parties to reach project completion successfully...Read More
Cooperation between practitioners in the construction industry is the foundation of ConsensusDocs—and key to its success. Rather than focusing on a particular segment of the industry, ConsensusDocs aims to represent the interests of all parties. with a focus on overall project success...Read More
Brian Perlberg Senior Counsel for Construction Law, AGC of America Executive Director, ConsensusDocs Summer/Fall 2017
The American Institute of Architects (AIA) recently released a new edition of the AIA A201 General Terms and Conditions Document along with the AIA A-Series agreements and Exhibits. The AIA A201 2017 edition marks the first time AGC’s 99 year history that AIA did not solicit AGC’s input in the development of the document (or share an advanced copy)...Read More