On June 10, 2009, ConsensusDOCS, the first and only widely-endorsed standard construction contracts, released its Federal Subcontract Agreement designed specifically for federal government construction projects. The ConsensusDOCS 752 Subcontract for Federal Government Construction Projects was drafted specifically to assist contractors and subcontractors to meet new and complex federal laws and regulations. Â
The release of the ConsensusDOCS 752 is especially timely in light of increased federal government construction activity generally, as well as through the American Recovery and Reinvestment Act, commonly known as the federal stimulus funding bill.Â
The ConsensusDOCS Federal Subcontract is the only standard agreement created to address new terms and conditions essential to comply with the Federal Acquisition Regulation ("FAR"). Even seasoned federal government contractors, but especially contractors new to the federal market, should consider utilizing this new contract document when subcontracting Federal work. The 752 addresses:
- Ethics Compliance
- Federal Prompt Pay Act
- E-Verify
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