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ConsensusDocs 755 Master Subcontract Agreement and 756 Standard Project Work Order

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.

Runtime: 85 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on January 28, 2020.

Call 1-866-352-9540 for further credit information.

  • ICC 0.15
     
  • Lorman Education Services is an International Code Council Preferred Provider. This event is approved for 0.15 CEU's through ICC.
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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  • Arizona CLE 1.25
     
  • CA MCLE 1.25
     
  • CT CLE 1.0
     
  • HI CLE 1.25
     
  • ME CLE 1.0
     
  • MT CLE 1.25
     
  • NJ CLE 1.5
     
  • NV CLE 1.0
     
  • VT CLE 1.25
     
  • WA CLE 1.25
     
  • WV MCLE 1.5
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Mark L. Johnson

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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Product ID: 406868
Published 2020
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