ConsensusDocs Announces New Contractual Tools to Help Address COVID-19 for Construction Contract Issues
ConsensusDocs is announcing expanding access to contractual tools to help address the contractual risks presented by the COVID-19 crisis. ConsensusDocs has created a COVID-19 Resource Center https://www.consensusdocs.org/covid-19-construction-law-resources/ for construction law and contract issues. Containing a comprehensive analysis of contract issues, including a sample notice letter, worker restriction orders across the United States, and a sample essential worker certificate, these tools provide an analysis for existing contract impacts, as well as proactive tools for contracts going forward.
A key contractual step recommended going forward in these times of uncertainty is use of price escalation/de-escalation clauses. Significantly, ConsensusDocs is the only publisher of such a clause. Today, the ConsensusDocs 200.1 Standard Time and Price Impacted Materials Addendum and Schedule A will be made available on all paid subscription packages.
“While ConsensusDocs’ force majeure clause was the most specific and detailed clause which puts parties in a better position to address the unforeseeable event of COVID-19, ConsensusDocs also offers the best construction contracts to address the risk of COVID-19 proactively going forward,” says Brian Perlberg, Executive Director and Senior Counsel for ConsensusDocs.
For more information visit www.consensusdocs.org