ConsensusDocs Releases New Multi-Party IPD Agreement and Joining Agreement
WASHINGTON – January 13, 2015 – (RealEstateRama) — The ConsensusDocs Coalition is publishing the highly anticipated 300 Multi-Party Integrated Project Delivery (IPD) Agreement and the related 396 Joining Agreement. The new documents reflect a comprehensive revision of the ConsensusDocs 300 IPD Agreement, which was an industry-first document when published in 2007. The working group formed to update the documents was co-chaired by Joe Cleves, Construction head and partner at DBL Law, who possesses extensive experience on IPD agreements, and has served as LCI’s outside general counsel. Will Lichtig also co-chaired and is president of the Lean Construction Institute (LCI) and recognized as one of the world’s preeminent practitioners of lean and IPD at Boldt Construction.
“This document achieves a significant breakthrough and should become the most used standard IPD agreement based upon the positive feedback received to date,” states Cleves. “In many ways, the 300 is the Coalition’s flagship contract, because it reflects the collaboration and utilization of best practices that are central tenants of ConsensusDocs to improve the A/E/C industry.”
“This update provides a clear articulation of how to contract for lean integrated project delivery by addressing the construction process, commercial terms, and organizational structure,” comments Brian Perlberg Executive Director of ConsensusDocs. “At this time, there are no other IPD standard documents that address all of these areas. For this reason, ConsensusDocs believes the new document will become THE standard IPD agreement going forward to both experienced and relatively new IPD practitioners alike”.
A complimentary Guidebook will soon be available on the ConsensusDocs website. The Guidebook will highlight issues, provide sample Risk Pool Plans, and offer a sample responsibility allocation matrix.
ConsensusDocs are the only contracts written by a coalition of 40+ design and construction industry associations, dedicated to identifying and applying best practices for construction contracts. ConsensusDocs remains committed to its project-first philosophy by providing contracts that are written in plain English, incorporate best practices, and address emerging trends. Simply put… ConsensusDocs help you build a better way!
For more information and to order your subscription today, visit www.ConsensusDocs.org.
Contact: Carrie Ciliberto
703.837.5367
