ConsensusDocs has released a new industry standard agreement for operations and maintenance. The ConsensusDocs 910 Standard Operations and Maintenance (O&M) Agreement is the first agreement that ConsensusDocs has published that focuses on construction work services that take place after substantial completion. The agreement provides an off-the-shelf contractual solution for an owner seeking to procure standalone O&M services. A unique feature of this agreement is that it allows for a flexible one- to five-year agreement period for which bonds may be provided to meet the challenges of a project with an extended period of performance. The terms and conditions are based on the fair and best practice terms published by ConsensusDocs, which were recently updated in December 2016.
ConsensusDocs organizes its 100+ industry standard contracts in numeric series based upon project delivery method. This agreement is the first in a new series, the Public-Private-Partnership (P3) 900-series, which is increasing in use and importance in the construction industry.
“The 910 … can be easily adapted for use for Design/Build/Operate, Design-Build Plus, and Public Private Partnership,” comments Ernest Brown, CEO of Ernest Brown & Company, who chaired the ConsensusDocs working group that produced the O&M agreement. “It encompasses third-party services provided for a contractor’s warehouses, buildings and heavy equipment.”
For information, visit www.consensusdocs.org or call 866.925.DOCS (3627).