The Engineers Joint Contract Documents Committee (EJCDC) recently updated E-580, Teaming Agreement to Pursue Joint Professional Services Opportunity. The revisions allow the document to function as a new stand-alone teaming agreement that is suitable for firms interested in "a wide variety of project-pursuit purposes." E-580 makes it very clear that if the team fails to... Continue Reading →
Why are you entering into a joint venture?
An owner of a small engineering firm recently asked us to review a joint venture agreement for issues of insurability. When we spoke, he was unable to adequately explain why he and this other party were forming a joint venture as opposed to providing services in a more traditional arrangement with a prime design professional... Continue Reading →
New ConsensusDocs Design-Build Joint Venture Agreement Published
The ConsensusDocs Coalition has published and released a new Joint Venture Agreement for a Design-Build Project. It is the first industry standard joint venture contract for firms combining to take the prime risk on a design-build project. On design-build projects there is usually a prime—a developer, a design-build entity, a contractor, or a design firm—serving... Continue Reading →