June 22, 2009
New U.S. contract agreement for federal jobs
Latest ConsensusDOCs edition
It is now easier for construction companies to work on federal government construction projects. An American industry-wide coalition, ConsensusDOCS, is publishing a new contract agreement written to specifically address the complexities of federal subcontracting.
At a time when the stimulus and other federal construction programs are rapidly expanding, general and specialty contractors will benefit from using the first standard subcontract to address new complex contractual rules and regulations for federal government projects.
“With America looking to the construction community to rebuild our economy and restore our hope, the last thing we want is contractors being excessively burdened by complex rules and regulations,” said Tom Kelleher, Senior Partner in Smith, Currie & Hancock LLP and chair of the national coalition of associations who wrote and endorsed the new standard contract.
“The new ConsensusDOCS federal subcontract will keep needed construction projects from getting tangled up in red tape.”
The new document, known as ConsensusDOCS 752-Subcontract for Federal Government Construction Projects, addresses the terms and conditions needed for subcontractors and contractors to comply with Federal Acquisition Regulations, Kelleher noted. He added that the contract also addresses new legal and ethical requirements pertaining to the legal status of employees, complying with ethics rules, as well as federal Prompt Pay Act requirements.
Kelleher added that the document was written, reviewed and approved by a team of professionals representing every part of the construction process, including contractors, subcontractors, owners and sureties.
“There is no need to reinvent the wheel every time someone wants to engage a subcontractor or work as a subcontractor on a federal government construction project,” Kelleher said.
ConsensusDOCS contracts are the first and only industry standard contracts written and endorsed by 22 leading construction organizations.
ConsensusDOCS contracts utilize best practices to represent the project’s best interests.
DCN News Services
|MOST POPULAR STORIES|
- OPG $1 billion proposal to bury nuclear waste up for comment
- Proposed Ambassador Bridge twinning draws Windsor mayor’s ire
- New ETFO headquarters a benchmark design
- Ontario prompt payment bill to get second reading today
- Construction on pedestrian tunnel to Billy Bishop Airport continues to make progress
- 20 Most Popular Stories
|TODAY’S TOP CONSTRUCTION PROJECTS|
These projects have been selected from 443 projects with a total value of $1,866,277,015 that Reed Construction Data Building Reports reported on Tuesday.
$353,800,000 North York ON Prebid
$90,000,000 Niagara Falls ON Prebid
$68,000,000 Oakville ON Prebid
- VIDEO: Economic Update May 21, 2013
- Future tradespeople put to the test
- Ontario raiding season closes with a thud
- Bird flags challenges in Canadian construction
- Ontario commits to Hwy. 427 expansion
- GO Transit to build new maintenance facility in East Gwillimbury
- Ancient First Nations site damaged during work by BC Hydro
- Federal NDP leader speaks to police 'to help' with Quebec corruption probe
- Construction Site Arson
- Historic church renovation reaches new heights
- Hiring of foreign workers for hospital project outrages union
- Festival of Architecture hits Halifax
- Acetylene torch explosion causes significant damage
- Winnipeg Southwest Transitway wins award
- Vendor performance is key measurement
- NDP leader spoke to police about corruption
- Big contract down under for ATCO Structures
- RFQ issued for Kamloops hospital project
|ALEX’S ECONOMICS BLOG|
Reed Construction Data Canada’s Chief Economist Alex Carrick discusses current developments in the North American economic environment with emphasis on the construction industry.
- An Overview of Prices and Sales in the Diverging U.S. and Canadian Housing Markets (April 25, 2013)
- Canada’s Precarious Dependence on the Commodity Price Super-Cycle (April 22, 2013)
- Twenty major upcoming residential and transportation terminal construction projects - April 2013 (April 15, 2013)