EJCDC Adds Teaming Component to Revised Joint Venture Agreement

Tue, 20 Dec 2011 13:20:00 GMT

Recognizing that firms are in many cases teaming with others to pursue business opportunities, the Engineers Joint Contract Documents Committee (EJCDC) has added a Teaming Agreement to a new revised version of the joint venture document. The EJCDC E-580, Teaming Agreement to Pursue Joint Business Opportunity and Joint Venture Agreement Between Engineers has two components—the Teaming Agreement can be used for two firms that wish to join together to pursue an opportunity to obtain work, and the Joint Venture Agreement can be used to define the relationship of the firms when they are providing professional services to a client.

EJCDC documents can be obtained at the online stores of the four sponsoring organizations of EJCDC: the American Society of Civil Engineers (ASCE), the Associated General Contractors of America (AGC), the National Society of Professional Engineers (NSPE), and the American Council of Engineering Companies (ACEC). They can also be purchased at www.ejcdc.org.

Additional Resource on Managing Condominium Projects

Mon, 06 Jun 2011 12:37:00 GMT

Much has been said about the liability risks of condo projects. Claims experience shows that condos represent one of the worst project types when compared to the billings earned for this type of work. Our claims study on habitability claims details some of the claims that are typical on a condo project, and provides tips on managing the risks of such projects.

The AIA has recently published a guide designed to help architects manage the risks of condo projects. The B509-2010, Guide for Supplementary Conditions to AIA Document B109-2010 for use on Condominium Projects provides provisions for modifying the B109-2010, Standard Form of Agreement between Owner and Architect for a Multi-Family Residential or Mixed Use Residential Project. The Guide can be downloaded for free at www.aia.org/contractdocs/index.htm, and provides guidance on how to modify the B-109-2010 to address the specific risks of condominium projects. Firms that work on condominium projects should review this guide for some insightful provisions that can help them set the appropriate client expectations for projects of this nature.

Schinnerer's RM Blog - contract documents tag

EJCDC Adds Teaming Component to Revised Joint Venture Agreement

Additional Resource on Managing Condominium Projects