ConsensusDocs has released ConsensusDocs 297 Joint Venture Line
Item agreement, the first standard line item to accommodate joint
ventures between contractors, construction managers, design
professionals and other parties.
"This agreement makes it easier for multiple parties to combine
efforts, expertise and resources, share project risks, and meet
socioeconomic goals of federal programs," says Kory D. George,
partner at Woods & Aitken LLP, Denver, and chair of the
ConsensusDocs joint venture working group.
The new, additional standardized form is said to simplify the
process of getting contracts signed and work performed for
companies working on joint ventures. It can be used during the
teaming or proposal development stages, as well as for...
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