CC - Standard Forms (5)

Exam 1

what are the 6 organization who published standard forms of contracts?

1. american institute of architects (AIA)

2. consensusDOCS

3. engineers joint contract documents committee (EJCDC)

4. design build institute of america (DBIA)

5. joint contracts tirbunal (JCT) from UK

6. federatiojn internationale des ingenieurs-conseils (FIDIC) (international)

standard forms of contract

1. written by experts

2. tested and proven

3. known to save time and money; trusted

4. coordinated between participants

custom (Ad hoc)

hire experts

benefits of standard forms of contract

1. written by experts

2. tested and proven in previous cases

3. known

4. coordinated between participants and their contracts

disadvantages of standard forms of contract

1. generalized - not best for specialized projects

2. not state-specific

3. current law or practices - updated periodically

4. arguably some bias by design or construction related associations

advantages of custom (ad hoc) contracts

1. particular projects

2. large developers or contractors for their high-volume projects

3. may start with a standard form

disadvantages of custom contracts

1. lack of familiarity

2. more time to analyze and negotiate

3. may need to hire experts and legal counsel

American Institute of Architects (AIA)

The AIA was founded by 13 architects in New York City in 1857 to promote architecture as a profession and establish standards. 

ConsensusDOCS

ConsensusDOCS, founded in 2007, consists of over 40 construction industry organizations in the U.S to establish standard contracts and improve traditional documents.

Engineers Joint Contract Documents Committee (EJCDC)

The EJCDC is a coalition of professional engineering organization in the U.S and was founded in the 1970s with the goal to improve contracts in engineering and construction projects. 

Design Build Institute of America (DBIA)

Founded in 1993, the DBIA is organization in the U.S that advocates the use of design-build projects and practices.

Joint Contracts Tribunal (JCT)

Founded in 1931 in the UK, the JCT is a collaboration between construction industry organizations to develop standardized contract forms within the construction industry. 

Federation Internationale Des Ingenieurs-Conseils (FIDIC)

Founded in 1913 in Belgium, the FIDIC is an organization that represents consulting engineers worldwide and develops standardized contracts for engineering and construction projects.