The Design-Build Institute of America (DBIA) has released what it claims to be the first and only full set of warranty bonds, proposal bonds, and payment and performance bonds that are specifically crafted for design-build projects.
A task force within the Washington-based DBIA, chaired by G. William Quatman, the general counsel for Burns and McDonnell, worked over the past year on forms that are tailored to this sector. The coauthors of the forms include designers and builders. The National Association of Surety Bond Producers and the Surety & Fidelity Association of America have endorsed the documents.
The new family of bond forms includes a Proposal Bond (610), a Warranty Bond (615), and three sets of Payment and Performance Bonds for Design-Builders (620 and 625), Contractors (640 and 645), and Subcontractors (630 and 635).
“Mirroring the design-build philosophy, DBIA’s family of contract documents is reflective of our diverse membership base representing the needs of both public and private owners, general and specialty contractors, architects, consultants, and engineers,” says Lisa Washington, the Institute’s Executive Director and CEO. “They are written to guide success for the entire project team – owners and practitioners alike.”
A spokesperson for the Institute, Geoff Corey, tells BD+C that his organization focuses primarily on nonresidential activities. “So these forms would be of real interest to [AEC] firms doing design-build commercial or government projects.”
He also points out that many AEC firms that don’t specialize in design-build enter these projects through joint ventures and LLCs, or are hired subcontractors. “They would probably be interested in using these model forms since they’ve been created for design-build projects,” says Corey.
DBIA states that the advantage of these documents is that they offer one solicitation, one award, and one contract to administer. The documents are also adaptable to a project team’s characteristics.
The bond forms, as well as other contract and consent forms are available on DBIA’s website.
Related Stories
| Jan 13, 2014
Custom exterior fabricator A. Zahner unveils free façade design software for architects
The web-based tool uses the company's factory floor like "a massive rapid prototype machine,” allowing designers to manipulate designs on the fly based on cost and other factors, according to CEO/President Bill Zahner.
| Jan 10, 2014
Resiliency, material health among top AEC focuses for 2014: Perkins+Will survey
Architectural giant Perkins+Will recently surveyed its staff of 1,500 design pros to forcast hot trends in the AEC field for 2014. The resulting Design + Insights Survey reflects a global perspective.
| Jan 9, 2014
How security in schools applies to other building types
Many of the principles and concepts described in our Special Report on K-12 security also apply to other building types and markets.
| Jan 9, 2014
16 recommendations on security technology to take to your K-12 clients
From facial recognition cameras to IP-based door hardware, here are key technology-related considerations you should discuss with your school district clients.
| Dec 29, 2013
7 ways to make your firm more efficient
In a CEO.com post, Andrew Miller, president of ACM Consulting, shares the seven organizational efficiency strategies he encounters most frequently as he works with corporate executives to boost their performance.
| Dec 19, 2013
NRDC report relates green infrastructure investments to commercial property value [Infographic]
The Natural Resources Defense Council has released The Green Edge: How Commercial Property Investment in Green Infrastructure Creates Value -- a first-ever illustrative and well-documented report that helps demonstrate the value of green infrastructure. It draws from available published material to capture the multitude of tangible, monetizable non-water quality and water quality benefits that green infrastructure investments (trees, rain gardens, and porous pavement, rainwater harvesting cisterns, bioswales, etc.) can unlock for the commercial real estate sector, including commercial property owners and their tenants.
| Dec 17, 2013
'Silver tsunami,' restaurant boom, mid-rise mania among predicted Midwestern construction trends
According to some of the Chicago-area’s top commercial real estate firms, informally polled by area real estate PR firm Taylor Johnson, much of 2013 was spent preparing for an even busier 2014. Given the relocation of many top companies to downtownChicago, demand for new apartments, office, retail and restaurant projects in 2014 should all be up as workers look to achieve a live, work and play lifestyle.
| Nov 27, 2013
Wonder walls: 13 choices for the building envelope
BD+C editors present a roundup of the latest technologies and applications in exterior wall systems, from a tapered metal wall installation in Oklahoma to a textured precast concrete solution in North Carolina.
| Nov 26, 2013
First Look: World's tallest Ferris wheel and surrounding N.Y. development
The New York office of Perkins Eastman has announced that the New York Wheel, located on the north shore of Staten Island’s St. George neighborhood, was approved by City Council on October 30 and construction is scheduled to begin in 2014. The approval process has been over a year in the making since the project was first announced by the office of Mayor Bloomberg last September.
| Nov 25, 2013
Insider tips on how to get picked a BD+C 40 Under 40 winner
We just posted the Entry Form for our 9th Annual BD+C "40 Under 40" competition. Frankly, the Entry Form is just the basic data. The real meat of your entry is your Personal Statement.
