For the first
time in the industry, 20 leading construction associations have united to
publish a consensus set of contract documents called
ConsensusDOCS.
To
be released this Friday, the Associated General Contractors, the Construction Owners
Association of America and
others essentially are folding their best-practices contract documents program
into one process.
This collaboration answers a growing industry
frustration in which heavily modified standard form documents hardly resemble
the original text.
"The release of ConsensusDOCS is one of the most
significant industry developments in the last 20 years," said Stephen E.
Sandherr, CEO of the AGC in a statement. "We believe this effort will
positively transform the industry's use of standard contract
documents."
ConsensusDOCS offers a new choice in contract documents, because all the
parties were invited to the drafting table and had a full vote in deciding
final contract terms.
Its drafting process is similar to negotiations
for a specific project contract; the drafting mantra was to represent the best
interests of the project, rather than a singular party.
There
are more than 70 documents that address all project delivery methods, from
design-bid-build through a new innovative collaborative agreement.
For additional information, call866/925-DOCS(3627) or e-mail info@consensusdocs.org.