Model Contract: New Joint-Venture Design-Build And Teaming Forms Available
ConsensusDocs, which writes and publishes model contract agreements for building teams, has released joint-venture design-build and teaming agreements, which the group says are industry firsts. The JV document helps team members address licensing and insurance requirements as well as risk-allocation issues. The teaming document helps team members "memorialize" roles and responsibilities when submitting a project bid or proposal, says the group, whose documents are written and endorsed by 40 design and construction associations.