Gain an understanding of ConsensusDocs approach and philosophy to its construction forms compared to other industry forms.
ConsensusDocs recently published the new Standard Master Subcontract Agreement Between Constructor and Subcontractor and the Standard Project Work Order. ConsensusDocs 755 is the master agreement that addresses general terms and conditions between a constructor and a subcontractor that will govern their relationship generally, across all projects on which the parties are working. ConsensusDocs 756 is the work order that provides project specific information addressing such terms as scope of work, applicable exhibits, subcontract price, retainage, and bond requirements. Together, the 755 and 756 form a complete subcontract agreement for each subcontract scope of work. This topic will discuss the ConsensusDocs approach and philosophy to its construction forms compared to other industry forms, explore the key revisions made to the existing ConsensusDocs 750 Standard Subcontract Form in order to transform it into a master subcontract form in the ConsensusDocs 755 and 756 forms. We will also explore other key provisions and risk allocations contained in the 755 form, from both the general contractor and subcontractor perspectives.
Learning Objectives
- You will be able to define other key provisions of CD 755.
- You will be able to identify key differences between CD 755 Form and CD 750 Form.
- You will be able to discuss key provisions of the CD 756 Form.
- You will be able to review ConsensusDocs Approach and Format.
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Agenda
Overview
- ConsensusDocs Approach and Format
- ConsensusDocs 750 Standard Subcontract Form
- Use of a Master Agreement
Key Differences Between CD 755 Form and CD 750 Form
- Scope of Work
- Contract Documents
- Subcontractor Work
- Conflicts
- Definitions
- Compensation
- Insurance and Bonds
- Termination
- Contingent Assignment
- Order of Precedence
Key Provisions of the CD 756 Form
- Scope of Work and Flow Down
- Exhibits
- Compensation
- Retainage and Bonds
Other Key Provisions of CD 755
- Subcontractor Responsibilities
- Constructor's Responsibilities
- Progress Schedule
- Changes
- Payment
- Indemnity
- Suspension and Termination
- Dispute Mitigation and Resolution
General Contracting Tips
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This course was last revised on January 28, 2020.
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Why Lorman?
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Faculty
Mark L. Johnson
Seyfarth Shaw LLP
- Partner in the Chicago office of Seyfarth Shaw LLP and a member of the firm’s construction practice group
- Accomplished construction attorney, having represented owners, developers, general contractors, and subcontractors in a variety of matters, in both the dispute resolution and transactional contexts
- Lectured and authored articles on construction-related issues and lectured on a variety of construction-related topics
- Previously served as the chair of the Construction and Mechanics Lien Committee of the Chicago Bar Association
- Recognized by Best Lawyers in America in the area of litigation construction, designated a Leading Lawyer in construction law, a Super Lawyer in construction litigation, and a recommended attorney for construction law by The Legal 500
- J.D. degree, University of Illinois College of Law, where he was a member of the Law Review
- Can be contacted at 312-460-5627 or [email protected]
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