AWI e-briefs - 07/25/2019 (Plain Text Version)

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FREE Webinar on ConsensusDocs New Standard Master Subcontract

"Using Master Subcontracts: Become More Efficient in Negotiating Your Subcontracts"

Register Today!
Use code -- AWI100 -- if prompted for affiliation with a coalition member.

Learn how many prime contractors and subcontractors have become more efficient in creating a master standard agreement with terms and conditions, and then issue individual work orders for each project or subcontract work scope.

ConsensusDocs just published a new Standard Master Subcontract Agreement and Project Work Order (ConsensusDocs 755 and 756 respectively) that create best practice templates for master subcontracting that prime contractors and subcontractors can use immediately. Don’t continue to waste time repeatedly negotiating complex legal terms with the same parties, rather empower your teams to focus on project price and scope.

Learning Objectives

  • Why you should use master subcontracts and purchase work orders
  • When to use the NEW Master Subcontract Agreement
  • How to organize a master subcontract’s terms and conditions and a project work order with project specifics
  • How the New ConsensusDocs 755 Master Subcontract and 756 Project Work Order provides an off-the-shelf solution to create a master subcontract and work order
  • An overview of ConsensusDocs best practice subcontracting terms addressing indemnification, project financial information, release of retainage, lien release, additional insured, insurance requirements, and much more.
ConsensusDocs standard construction contracts are the only contracts written and supported by a coalition of leading design and construction industry organizations. With a catalog of 100+ contract documents addressing all project delivery methods, ConsensusDocs contracts incorporate fair risk allocation and best practices to represent a project’s best interests. The Coalition’s organizations, which include AWI, collectively represent hundreds of thousands of design professionals, owners, contractors, subcontractors, and sureties. For more information, please visit www.consensusdocs.org, call 866-925-DOCS (3627) or email support@consensusdocs.org.  [Return to top]