ConsensusDocs 702.1 provides the standardized terms and conditions for use with the 702 Purchase Order, covering key construction contract issues including payment, warranty, termination, and dispute resolution.

Included in:

Full Package, Design/Builder Package, Sub Contracting Package, Short Forms

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ConsensusDocs 702.1 is the official terms and conditions form that accompanies the ConsensusDocs 702 Standard Purchase Order for commodity goods. It outlines the legal and contractual framework necessary for a fair and transparent transaction between the buyer and seller in construction projects.

This document covers a wide range of essential construction contract issues, assigning responsibilities based on control and legal fairness. It is especially useful when purchasing standard, mass-produced materials that are not custom fabricated. The terms are designed to protect both parties and ensure compliance with construction law best practices.

Key topics covered in ConsensusDocs 702.1 include:

  • Agreement scope, acceptance, and exhibits
  • Project schedule, changes, and submittals
  • Shipping, delivery, inspection, and safety
  • Force majeure (unforeseeable events beyond control)
  • Payment terms, warranties, and defect handling
  • Termination clauses (for cause or convenience)
  • Waiver of consequential damages and dispute resolution
  • Legal jurisdiction, choice of law, and contract assignment

This form is fair and balanced, making it an excellent choice for contractors, suppliers, and owners seeking clarity in their purchase order agreements. It can also be tailored to suit specific project needs or state law requirements. When used with ConsensusDocs 702, it provides a complete and reliable purchase order contract for commodity goods in construction.

Meta title: Terms and Conditions for Commodity Goods Purchase Orders – ConsensusDocs 702.1

Meta description: ConsensusDocs 702.1 defines the general terms and conditions for the 702 Purchase Order. Covers vital construction contract topics like warranty, termination, payment, dispute resolution, and force majeure.

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Case Studies

Client Success Stories Using This Contract

I’ve reviewed more ConsensusDocs subcontracts in the last year than I’ve seen other standard form subcontracts in my entire career.

David R. Hendrick, Esq., Founding Partner, Hendrick Phillips Salzman & Flatt PC, Atlanta, GA