ConsensusDocs, a coalition of 40 design and construction industry associations, has published two updated short form agreements: the ConsensusDocs 235 Owner & Constructor Short Form Agreement (Cost of Work), and the ConsensusDocs 245 Owner & Design Professional Short Form Agreement. These contracts were released in Dec. 2016, part of a comprehensive five-year update cycle to its general contracting series.
“Offering concise contracts is one of ConsensusDocs’ advantages,” says ConsensusDocs executive director Brian Perlberg. “Owners are more likely to fare better when they choose standard contracts in which owners were truly at the drafting table, like these agreements.”
Contracts are the foundation of every project, and ConsensusDocs’ mission is to publish contracts that advance project results versus one party’s interests. The revised contracts address industry changes impacting insurance, legal, technology, and terminology. The coalition will continue to release new and updated contract documents throughout 2017, and beyond, to further its mission of helping the industry build a better way, the ConsensusDocs news release said.
ConsensusDocs are the only contracts written by leading design and construction industry organizations. ConsensusDocs provides a catalog of more than 100 contract documents that incorporate fair risk allocation and best practices to represent the project’s best interests versus any one party. For more information, visit www.ConsensusDocs.org, call (866) 925-3627 or email support@ConsensusDocs.org.