New and improved

ConsensusDocs 750 is a different version of an earlier AGC subcontract form


Led by the Associated General Contractors (AGC) of America, a group of 20 construction industry organizations representing owners, contractors, subcontractors and sureties issued a collectively endorsed set of construction contract documents in late September 2007. Marketed as ConsensusDOCS, the new contract forms are intended to compete against the well-established standard construction contract forms issued by The American Institute of Architects (AIA) and serve as new model contract forms for all construction industry segments.

In addition to AGC, participating trade associations included the American Subcontractors Association (ASA) Inc., Associated Builders and Contractors, Associated Specialty Contractors (ASC), Sheet Metal and Air Conditioning Contractors National Association, Construction Owner Association of America, Construction Users Round Table, National Association of Surety Bond Producers and NRCA.

AIA, which released the latest edition of its standard construction contract documents in October 2007, did not participate in drafting ConsensusDOCS. (For more information about AIA's forms, see "Separate corners," February issue, page 48).

What it means

WEB
EXCLUSIVE