Amendment No 1. To ConsensusDocs 230 - 230.1

ConsensusDocs 230.1 is a critical contract amendment designed to be used with the ConsensusDocs 230 Owner and Constructor Agreement. This document is implemented when the Owner and Constructor reach a point of project clarity that allows them to confidently establish a Guaranteed Maximum Price (GMP) along with key milestone dates, including Substantial Completion and Final Completion.

Typically, during the early stages of a construction project—especially in design-bid-build delivery methods—certain cost and schedule elements may remain undefined. Once sufficient detail and certainty emerges through design development, budgeting, and scoping, the ConsensusDocs 230.1 amendment provides the formal mechanism to lock in these key terms.

This amendment document is ideal for:

• Defining and memorializing the project’s GMP
• Establishing contractual deadlines for substantial and final completion
• Promoting financial transparency and accountability
• Strengthening scheduling commitments between the Owner and Constructor

The inclusion of a guaranteed maximum price provides the Owner with cost certainty, helping to control budget risk while incentivizing the Constructor to manage costs efficiently. Additionally, clear completion milestones allow for better coordination with stakeholders, reduce delays, and provide a more structured project delivery path.

ConsensusDocs 230.1 integrates seamlessly into the ConsensusDocs 230 contract, reinforcing the flexibility and customization the ConsensusDocs suite is known for. It is written in fair and balanced language to reflect industry best practices and protect the interests of both parties.

Using this amendment ensures that the project moves forward with mutual understanding and well-defined financial and scheduling benchmarks, helping to prevent disputes and ensure successful project outcomes.