FOR IMMEDIATE RELEASE
ConsensusDocs Announces New Contractual Tools to Help Address COVID-19 for Construction Contract Issue
Today, ConsensusDocs announced expanding access to the contractual tools used to help address the contractual risks presented by COVID-19 crisis. ConsensusDocs has created a COVID-19 Resource Center https://www.consensusdocs.org/covid-19-construction-law-resources/ for construction law and contract issues that provides a comprehensive analysis contract issues, including a sample notice letter, worker restriction orders across the United States, and a sample essential worker certificate. These tools provide an analysis for existing contracts impacts as well as proactive tools for contracts going forward.
A key contractual step recommended going forward in these times of uncertainty is the use of price escalation/de-escalation clauses. Significantly, ConsensusDocs is the only publisher of such a clause. The ConsensusDocs 200.1 Standard Time and Price Impacted Materials Addendum and Schedule A will be made available on all paid subscription packages. “While ConsensusDocs force majeure clause was the most specific and detailed clause which puts parties in a better position to address the unforeseeable event of COVID-19, ConsensusDocs also offers the best construction contracts to address the risk of COVID-19 proactively going forward,” says Brian Perlberg, Executive Director and Senior Counsel for ConsensusDocs.
ConsensusDocs standard construction contracts are the only contracts written and supported by a coalition of leading design and construction industry organizations. 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, please visit www.consensusdocs.org, call 866-925-DOCS (3627) or email firstname.lastname@example.org.