ConsensusDOCS is publishing a new contract agreement written to specifically address the complexities of federal subcontracting. "The new ConsensusDOCS federal subcontract will keep needed construction projects from getting tangled up in red tape," says Tom Kelleher, senior partner in Smith, Currie & Hancock, Atlanta, and chair of the national coalition of associations who wrote and endorsed the new standard contract.
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. He added that 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.
ConsensusDOCS contracts are the first and only industry standard contracts written and endorsed by 22 leading construction organizations. Offering a catalog of more than 90 contract documents covering all methods of project delivery, ConsensusDOCS contracts utilize best practices to represent the project's best interests. Endorsing organizations represent designers, owners, contractors, subcontractors, and sureties.