The ConsensusDocs' 782 is a standard construction contract form establishes that final completion has been achieved and the specific date of final completion, when the Constructor and Subcontractor agree. This form triggers the release of retention withheld to achieve final completion.
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We use ConsensusDocs documents whenever and wherever possible. We’ve found them to be clear, fair to all parties, and well-accepted by our clients. The content of the documents addresses all of the issues which are typically required for a good working relationship, without adding unnecessary complexity. Whether documenting the agreement between an Owner and Contractor, an Owner and Construction Manager, an Owner and Design-Builder or a Design-Builder and Design Professional, the ConsensusDocs work very well. We also use their performance and payment bond forms for all of our subcontractor bonds. Throughout our experience in using these documents, and we’ve used them for a number of years now, we have yet to encounter a situation where the documents failed to provide proper documentation of the contractual relationship. We recommend their use to all of our clients.