ConsensusDocs, a coalition of 40 design and construction industry associations, recently 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 are part of a comprehensive five-year update cycle to the general contracting series, which were released in December 2016.
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.
ConsensusDocs are the only contracts written by leading design and construction industry organizations. The organization provides a catalog of 100+ contract documents that incorporate fair risk allocation and best practices to represent the project’s best interests versus any one party, ConsensusDocs said in a press release.