“Companies working on joint ventures now have two additional standardized forms that help simplify getting contracts signed and work performed. The new Teaming Agreement provides standard terms and conditions for those parties wanting to create a team for submitting a proposal under the traditional building method,” said Kory D. George, partner at Woods & Aitken LLP, and chair of the ConsensusDocs joint venture working group. “The Joint Venture Agreement was drafted specifically to address the unique contracting relationship required for a design-build project, and provides the team with a good contractual basis for delivering a better project.”
ConsensusDocs are the only standard contracts written and endorsed by 40 leading design and construction industry associations. For more information, visit www.consensusdocs.org.
Publication date: 12/23/2013