Contracts
The ConsensusDocs 200 document is a standard prime construction contract between the Owner of the construction project and the Constructor (aka builder, general contractor, design-bid-builder, construction manager) that conveniently integrates the general terms and conditions and the construction agreement terms into one document.
The ConsensusDocs 200.1 is the only standard material price escalation clause. This material price escalation clause lists the specific materials affected in a particular project and adjusts the contract price based upon a certain metric, usually an agreed-upon objective market index.
ConsensusDocs 200.2 is a flexible contract addendum designed to protect digital information in construction projects. It defines information protocols, usage, and responsibility.
ConsensusDocs 200.4 enables construction projects to establish a Dispute Review Board (DRB) as a non-binding method for resolving disputes efficiently and affordably.
ConsensusDocs 200.5 is a three-party contract addendum that introduces a Dispute Review Board (DRB) to proactively manage construction disputes and enhance project outcomes.
ConsensusDocs 202 is a widely used change order form that documents and formalizes agreed adjustments in a construction project’s scope, schedule, and contract price.
ConsensusDocs 203 allows project owners to issue interim directives for changes in construction work when a formal change order has not been executed.
ConsensusDocs 204 is a standardized RFI form that allows constructors to request project information or clarification from the owner or design professional.
The ConsensusDocs’ 205 Owner and Constructor Agreement (Short Form Lump Sum) is the most popular prime construction contract agreement because it’s short and convenient. This standard construction contract between the Owner of the construction project and the Constructor conveniently integrates the general terms and conditions and the construction agreement terms into one sufficient document.
