June 23, 2006: Construction Associations Move Toward Collaborative Contracts
WASHINGTON - A diverse group of construction associations, representing owners, design and construction professionals, and insurance and surety companies, are discussing the development and promotion of standard construction contracts. The associations are uniting around the idea that the industry is better served by balanced contracts that are actively supported by all.
"All parties in a construction project deserve to work under a fair contract - one that they have confidence in because each of their respective associations had a true seat at the drafting table," said Stephen E. Sandherr, CEO of the Associated General Contractors of America.