On June 10, the ConsensusDOCS coalition published 11 new contract documents and forms to help make bidding, negotiating and managing construction projects easier and more efficient for sub-contractors.At a time when the stimulus and other federal construction programs are rapidly expanding, general and specialty contractors will benefit from using the first standard subcontract to address new complex contractual rules and regulations for federal government projects, according to a June 10 release from the AGC of America.
“With America looking to the construction community to rebuild our economy and restore our hope, the last thing we want is contractors being excessively burdened by complex rules and regulations,” said Tom Kelleher, senior partner in Smith, Currie & Hancock LLP and chair of the national coalition of associations who wrote and endorse the new standard contract, in the release. “The new ConsensusDOCS federal subcontract will keep needed construction projects from getting tangled up in red tape.”
The new document, known as ConsensusDOCS 752 – Subcontract for Federal Government Construction Projects, addresses the terms and conditions needed for subcontractors and contractors to comply with Federal Acquisition Regulations, Kelleher noted in the release. The contract also addresses new legal and ethical requirements pertaining to the legal status of employees, complying with ethics rules, as well as federal Prompt Pay Act requirements.
The document was written, reviewed and approved by a team of professionals representing every part of the construction process, including contractors, subcontractors, owners and sureties.“There is no need to reinvent the wheel every time someone wants to engage a subcontractor or work as a subcontractor on a federal government construction project,” Kelleher said.
ConsensusDOCS contracts are the first and only industry standard contracts written and endorsed by 22 leading construction organizations, according to the release. They offer a catalog of more than 90 contract documents covering all methods of project delivery, and utilize best practices to represent the project’s best interests. Endorsing organizations represent designers, owners, contractors, subcontractors and sureties.
Take a look, and let me know if the new contract documents will make life easier for you to bid on a federal or stimulus-funded job.
—By Sahely Mukerji, news editor/managing editor, Glass Magazine
2 comments:
ASA endorsed these documents, including a model subcontract agreement, with terms that address the regulatory requirements of federal and many stimulus-funded, projects. The model sub-subcontract agreement helps subcontractors reach agreement with, and effectively manage, sub-subcontractors.
The new ConsensusDOCS 752 Federal Subcontract Agreement is the first and only standard subcontract agreement for Federal construction projects that is compliant with the most recent contracting requirements and practices found in the Federal Acquisition Regulation (FAR).
ConsensusDOCS 752 includes provisions addressing the most recent FAR updates: E-Verify, Ethics compliance, Federal Prompt Pay Act, amd FAR flow-down provisions.
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