ConsensusDocs is a term used to refer to a collection of standard contract documents that are widely recognized and accepted within the construction industry in the United States. These documents are designed to establish fair and balanced agreements between various parties involved in construction projects, such as owners, contractors, subcontractors, and design professionals.
ConsensusDocs are created and regularly updated by a coalition of over 40 leading construction industry associations, including the American Institute of Architects (AIA), the Associated General Contractors of America (AGC), and the Construction Owners Association of America (COAA). The goal of these standard documents is to provide a consistent and reliable framework for construction projects, enabling more efficient and collaborative relationships among the parties involved.
These contract documents cover a wide range of construction project types, including design-bid-build, design-build, construction management, and more. They include various templates, forms, and agreements that address key aspects of a construction project, such as scope of work, payment terms, dispute resolution mechanisms, and insurance requirements.
By utilizing ConsensusDocs, parties involved in a construction project can benefit from industry-wide standards and best practices, reducing the risk of contractual disputes and ensuring a smoother project execution. They provide a balanced approach that fairly allocates risks and responsibilities among the parties involved, fostering trust and cooperation throughout the construction process.
Overall, ConsensusDocs serve as a valuable resource for the construction industry, providing a reliable set of contract documents that promote fairness, transparency, and cooperation among all parties involved in construction projects.
