Contracts
The ConsensusDocs 450 is a standard form agreement between a Design-Builder and Subcontractor, where the Subcontractor is going to provide a portion of the Design-Builder’s work which does not include providing substantial portions of the design. This Subcontract agreement takes into consideration the design-build project delivery method.
Read MoreThe ConsensusDocs’ 460 is an agreement between a Design-Builder and design-build Subcontractor, where the Subcontractor will provide a portion of the Design-Builder’s work, including a substantial portion of the design phase services. It is appropriate to use when the design-build Subcontractor’s payment is the cost of work, plus a fee, with a guaranteed maximum price.
Read MoreThe ConsensusDocs’ 460.1 can be used as an Amendment to a ConsensusDocs 460 Design-Build Subcontract document to set the guaranteed maximum price (GMP) between the parties when there is mutual agreement on the GMP amount for the design-build project. This amendment document allows for exhibits to be included.
Read MoreThe ConsensusDocs’ 470 is a standard performance bond between surety and Design-Builder is the only performance bond that takes into surety issues specific to design-build. The surety is liable for the design costs. Provisions addressing surety obligations, liability for design, and dispute resolution are included.
Read MoreThe ConsensusDocs’ 471 is a standard bond form between surety and Design-Builder. This performance bond addresses the construction work included in the design-build project. It does not cover potential surety losses related to Design Professional services performed as part of the design-build project.
Read MoreThe ConsensusDocs’ 472 is a standard payment bond form between surety and Design-Builder. It is the only payment bond that takes into surety issues specific to design-build and potential surety costs related to the Design Professional’s services that the Design-Builder is responsible for.
Read MoreThe ConsensusDocs’ 472 is a standard payment bond between surety and Design-Builder. This payment bond addresses the construction work by the Design-Builder and Design-Builder’s Subcontractors and suppliers that are part of the design-build project. It does not cover potential surety losses related to non-payment of Design Professional services performed as part of the design-build project.
Read MoreThe ConsensusDocs 481 is an administrative contract document that establishes the date of substantial completion of the work, or a designated portion of the work, for which an Owner may make unscheduled beneficial use of a project. The document identifies items which the parties agree need to be completed or corrected for final completion.
Read MoreThe ConsensusDocs’ 482 establishes that final completion has been achieved and identifies the date of final completion. It triggers the release of retention that is withheld at substantial completion. Final completion indicates that work is in conformance with the contract documents and free of patent defects.
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