Purchase Order for Commodity Goods - 702

The ConsensusDocs 702 Purchase Order is a standardized construction contract specifically designed for the purchase of commodity goods in construction projects. This user-friendly contract form captures all critical project information, including buyer and seller details, the project name, a clear description of materials, and agreed-upon pricing and payment terms. It simplifies the procurement process while ensuring compliance and transparency.

One of the key advantages of ConsensusDocs 702 is how it handles risk allocation. Based on the principle of control, this document ensures that each party is only responsible for the aspects of the transaction they can directly influence. This clear distribution of responsibilities helps minimize disputes, reduce liability issues, and clarify expectations from the beginning of the project.

Ideal for purchasing standard construction materials, this purchase order form is best used for commodity items that are mass-produced, widely available, and easily replaceable. Unlike custom-fabricated components that require special specifications, commodity goods such as lumber, fasteners, piping, steel, wiring, and similar materials are easier to manage and return. This makes ConsensusDocs 702 the perfect solution for efficient and legally sound material procurement.

Using the ConsensusDocs 702 not only streamlines the purchasing workflow but also helps contractors, suppliers, and project managers maintain contract compliance, improve documentation, and protect legal interests. For those involved in construction procurement, it offers a professional and practical way to manage supply contracts with confidence.

Key Features of ConsensusDocs 702:

• Designed for commodity goods purchases (for non-commodity items, refer to ConsensusDocs 703)
• Includes all essential contract fields: buyer/seller, payment terms, materials, and project scope
• Customizable to meet individual project requirements and comply with state laws
• Reduces ambiguity by assigning liabilities based on control
• Easily integrates with ConsensusDocs 702.1 Terms and Conditions for a complete contractual framework
• For projects that do not require custom-fabricated goods, ConsensusDocs 702 streamlines procurement while ensuring legal protections for both parties.