Gain an understanding of the two families of contract forms and the latest changes to ConsensusDocs.
Gain an understanding of the two families of contract forms and the latest changes to ConsensusDocs. Hardly a business day goes by in the construction industry when the parties involved in the construction contracting process do not encounter standard form contract documents. Since 2007, there are now at least two principal sources of such standard form construction contract documents that dominate the marketplace with the 2007 and later editions of their respective families of contract forms. In 2007 and after, the long-established family of documents published by the American Institute of Architects were substantially revised. In comparison, the relatively new and evolving family, the ConsensusDocs, represents an effort by a broad industry coalition of construction industry interests (owner, contractor, subcontractor, and insurance and surety interests) to develop by a consensus process and comprehensive set of standard forms. These standard forms can and likely will be encountered more frequently in the construction contracting process, either in relatively clean or in substantially modified forms. Even where the forms themselves are not conspicuously used, many of their concepts and even their explicit language will show up in a variety of proprietary construction contracting forms and practices. Thus, as the battle of the contract forms continues and the construction industry engages in the ongoing debate as to the relative merits of these two families of documents, this topic will assist you in your understanding and application of the two families of documents, where they are similar and where they are different, sometimes materially so. It will highlight areas of concern and of potential modification of the various contract forms as well as aid in the selection of appropriate standard form contract documents.
Learning Objectives
- You will be able to discuss the characteristics, comparisons, similarities, and contrasting approaches of the current AIA and ConsensusDocs contract form families.
- You will be able to identify for usage in particular instances the appropriate form family and particular forms to suit specific needs and relationships.
- You will be able to describe the areas of concern in the usage of particular standard contract forms and determine the need for and content of modifications and revisions.
- You will be able to review the electronic forms and formatting and options regarding usability of each family of documents.
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Agenda
Provide an Overview of the AIA and ConsensusDocs Contract Document Families, Their Histories and Relative Philosophies and Approaches
Identify Key Differences in the Contract Families and the Principal Defining Characteristics, Concepts and Structures
Review, Compare and Contrast the Key New Document Categories in Each Family
Relative Approaches in Dealing With Key Risk Allocation Issues
Identify and Examine Relative Approaches in Dealing With Major Risk Allocation Issues and Key Provisions in Each of the Construction Contract Groups
Analyze the Current Hot Topics for the Potential Users of the Documents
Determine Which Is Best Suited to Your Project
A Functional Comparison of the AIA and ConsensusDocs
Continued Development and Evolution of New and Improved Contract Forms
Integration and Coordination With Other Family Documents
Electronic Forms and Formatting and Options Regarding Usability
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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OnDemand Course
This course was last revised on August 26, 2021.
Call 1-866-352-9540 for further credit information.
- CA MCLE 1.5
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
- ICC 0.15
- Lorman Education Services is an International Code Council Preferred Provider. This event is approved for 0.15 CEU's through ICC.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Michael F. McKenna, Esq.
Cohen Seglias Pallas Greenhall & Furman PC
- Partner with Cohen Seglias Pallas Greenhall & Furman PC
- Exclusively practices construction law
- New Jersey Super Lawyer, construction/surety law, 2007 to present
- Rated one of New York area’s top-rated lawyers by New York Law Journal and New Jersey Law Journal
- Former chairman of the New Jersey Construction and Public Contract Law Section
- Can be contacted at 201-859-1481 or [email protected]
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