752
(Updated 2017) Purchase Options

This agreement is to be used by a Constructor (aka builder, general contractor, design-builder, construction manager) to hire a Subcontractor on projects where the Owner of the construction project is the federal government. This agreement conveniently integrates the general terms and conditions and the construction agreement terms into one document. The general conditions include the responsibilities allocated to each party and address critical construction law contract issues. The contract issues include: the parties relationship and responsibilities to each other, definitions of key terms, scope of work, subcontract price, contract documents, changes, payment, indemnification (defend and hold harmless against all losses), insurance and bond, termination, dispute resolution and mitigation, and more. The included construction law contract issues are fair for the Design-Builder as well as Subcontractors. The first and only standard construction subcontract agreement for federal projects that is compliant with the 2012 Federal Acquisition Regulation (FAR). Includes Exhibits H (FAR Provisions) and I.

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