Monday, June 2, 2014

New ConsensusDocs Contract Between CM and Owner Supposed to Help Avoid Disputes

ConsensusDocs has published a new Construction Management Agency standard agreement, the 831 "Agreement Between Owner and Construction Manager (CM Does Not Provide General Conditions)." The agreement provides an alternative to the ConsensusDocs 830 Agreement, in which the CM provides General Conditions. According to ConsensusDocs, the 831 Agreement provides greater clarity in defining costs, fees and profit to avoid potential claims and disputes. For those of you who have used the new 831 Agreement (I have not yet), please let us know your thoughts.

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