I recommend ConsensusDocs to my clients – Owners, General Contractors, and Subcontractors, alike – as a better alternative to other standard industry forms and far more fair and balanced than most custom forms. ConsensusDocs truly do advance the best interests of the project, rather than the best interests of a single participant.
The primary and very practical benefit of ConsensusDocs is that these model documents greatly facilitate the negotiation process between prime and specialty contractors. Given the breadth of participants involved, representing the owner and construction trade association communities, the legitimate concerns of all stakeholders have been addressed with an acknowledged goal of equitably sharing the risks of an inherently risky endeavor.
When the federal government made a grant under the stimulus package for a much needed community health center, time was of the essence. A design-build methodology was selected and the project team elected to utilize ConsensusDocs at all levels of the project to ensure fair and uniform contract documents in the best interests of this fast moving job.
This idea is a complete breath of fresh air. Frequently we see contracts written by both engineers and other professionals, inexperienced in our specific industry. These types of contracts make bidding a challenging prospect for drillers and consultants alike, as it happens to both of us. The inevitable outcome, all too often, is that owners pay more for less. I’d like to think the contracts we draft have improved over the years, in no small measure due to constructive criticism from our friends in the drilling industry. Kudos to NGWA and ConsensusDocs for taking on this important issue. Thanks!
Over seven years ago, COAA and several other construction organizations began a process to develop a set of model contract documents that fairly apportioned risk, represented industry best practices, and made owners an active participant in crucial decisions in project execution. The new documents released today continue to build upon this ground-breaking heritage. As the largest organization of construction project owners in the country, COAA is pleased to announce its continued endorsement of these new and updated ConsensusDocs.
These innovative documents are the result of months and years of review and negotiations with other significant partners in the construction process. Given today’s emphasis on collaboration and creating an environment of inclusiveness in projects, it is significant to note that these documents are the result of drafting sessions open to all ConsensusDocs organizations and other industry experts. These robust exchanges of positions evolved into the equitable risk and responsibility allocations contained in the contract language released today. All members of the capital project team can be confident that ConsensusDocs provides a thoughtfully considered, balanced and fair framework for a successful project.
Contractors and Owners distinguish themselves in today’s market by using ConsensusDocs contracts because they are focused on achieving better project results. AGC proudly endorses ConsensusDocs because fair contracts advance our industry
The difficult economic climate has underscored the importance of carefully-crafted, industry-accepted standard form documents. In such a climate, some parties may try to overreach on terms and conditions, adopting a short-term, and hopefully, short-lived strategy that ultimately is counterproductive to their interests. ConsensusDocs forms demonstrate the contract practices that fairly balance interests, benefitting construction projects and participants. Such a resource is invaluable to the construction industry. NASBP believes that the new agreement form editions come at an opportune time to expedite and stabilize industry transactions.
I have been preparing construction contract documents for over 15 years, using so-called “standard” forms as well as custom forms developed for particular clients. I am a big fan of the ConsensusDocs approach to contracting, because they start from a place of balance between the respective parties, and place the needs of the project above the needs of any one party. This means that the parties to the contract begin from a much less adversarial posture. This approach leads to more communication and collaboration during construction. My clients report that they have had success using these documents and that they will continue using them.
Great Recession or no Great Recession, ConsensusDocs is the vehicle for a much-needed change. Having to comb through lengthy, unfamiliar contract documents possibly containing egregious terms isn’t a good way of doing business for anyone. I can personally attest to the effectiveness of ConsensusDocs, having been in the enviable position of accepting a ConsensusDocs 750 subcontract agreement offered by a general contractor. The project was very successful. And I’m not alone. ConsensusDocs success stories are becoming common.
Although the reality of the marketplace continues to limit the ability of most contractors and subcontractors to effectively negotiate changes in the form contracts, ConsensusDocs offers the industry a more effective way to fairly allocate the risks and thereby reduce the number of claims arising from a project. ConsensusDocs offer the industry the best opportunity for a project to be completed on time and on budget, an outcome that benefits everyone on the project rather than just one stakeholder.