Owner Financial Questionnaire - 290.1

ConsensusDocs 290.1 is a standardized construction industry form designed for use by a Constructor—including general contractors, builders, construction managers, and design-bid-build professionals—to request key financial and legal information from a construction project Owner. This document provides a structured method for obtaining critical details that help the Constructor assess the Owner’s financial stability and ability to pay under the terms of the agreement.

This form facilitates requests for specific information, such as:

• The Owner’s legal structure and organizational details
• Land ownership documentation, including title or lease rights
• Project financing sources and status of funds
• Insurance coverage details, ensuring appropriate protection and compliance

ConsensusDocs 290.1 strikes a balance between the Constructor’s legitimate interest in securing payment and the Owner’s right to privacy and confidentiality. It fosters transparency and trust by allowing the Constructor to make informed business decisions while ensuring that the request process is respectful and professional.

Key Benefits:

• Mitigates financial risk by confirming the Owner’s payment capacity
• Enhances project planning and budgeting confidence
• Reduces the likelihood of disputes and work interruptions
• Provides a standardized and legally vetted format for sensitive inquiries
• Can be used in both private and public sector construction projects

When used early in the project planning or pre-construction phase, ConsensusDocs 290.1 helps create a foundation of financial clarity and project certainty. This document is an essential tool for Constructors aiming to protect their business interests while maintaining constructive relationships with project Owners.