Avoid wasting time repeatedly negotiating the complex legal terms with the same parties. Gain an over of how a new standard master contract documents such as the ConsensusDocs 755 standard master subcontract and the corresponding project work order provides a standard template.
Learn how to use a master agreement for consultancy, subcontracts, and prime agreements to be more efficient in your contracting practices. Increasingly, design and construction firms are creating a master standard agreement with general terms and conditions and then issue individual work orders for each project work scope. This allows firms to be prequalify once and selected for multiple awards without re-negotiating the legal terms each time.
Brian Perlberg is Executive Director and Senior Counsel for ConsensusDocs, a coalition of 40+ construction organizations dedicated to drafting best practice construction contracts. Mr. Perlberg serves on the ABA Forum on the Construction Industry Steering Committee for the Contract Documents, National Construction Dispute Resolution Committee (NCDRC) of the Arbitration Association of America (AAA), the Advisory Board to Construction SuperConference, and WPL Publishing.