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OnDemand Course

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.

Learning Objectives

  • You will be able to define other key provisions of CD 755.
  • You will be able to identify key differences between CD 755 Form and CD 750 Form.
  • You will be able to discuss key provisions of the CD 756 Form.
  • You will be able to review ConsensusDocs Approach and Format.

85 minutes
Course Exam
Certificate of Completion
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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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Credits

OnDemand Course

This course was last revised on January 28, 2020.

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

  • AIA 1.25
     
  • Lorman Education Services is a registered provider of AIA-approved continuing education under Provider Number J2016. This course is approved for 1.25 Learning Unit hour(s). Prerequisite: None, Program Level: Intermediate: Advanced Preparation: None All registered AIA CES Providers must comply with the AIA Standards for Continuing Education Programs. Any questions or concerns about this provider or this learning program may be sent to AIA CES ([email protected] or (800) AIA 3837, Option 3). This learning program is registered with AIA CES for continuing professional education. As such, it does not include content that may be deemed or construed to be an approval or endorsement by the AIA of any material of construction or any method or manner of handling, using, distributing, or dealing in any material or product. AIA continuing education credit has been reviewed and approved by AIA CES. Learners must complete the entire learning program to receive continuing education credit. AIA continuing education Learning Units earned upon completion of this course will be reported to AIA CES for AIA members. Certificates of Completion for both AIA members and non-AIA members are available upon request.
     
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  • This program is applicable for 1.5 hours of continuing education through the Board for Architects, Professional Engineers, Land Surveyors, Certified Interior Designers and Landscape Architects (APELSCIDLA BOARD).* *Please check the rules and requirements in your state for compliance.
     
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  • WI ENG 1.0
     
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  • This course is applicable for 1.6 professional development hours for Wyoming engineers.* *Please check the rules and requirements in your state for compliance.
     
  • ICC 0.15
     
  • Lorman Education Services is an International Code Council Preferred Provider. This event is approved for 0.15 CEU's through ICC.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

  • Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.

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

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Why Lorman?

Over 37 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
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