flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Surety bond forms specifically for design-build projects now available

Building Team

Surety bond forms specifically for design-build projects now available

The documents are the first of their kind to be coauthored by designers and builders.


By John Caulfield, Senior Editor | May 8, 2015
Surety bond forms specifically for design-build projects now available

The Design-Build Institute of America released a full set of bonds for design-build projects. Image: Pixabay/jingoba

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

| Oct 19, 2011

Another drop for Architecture Billings Index

Positive conditions seen last month were more of an aberration.

| Oct 17, 2011

THOUGHT LEADER: Allan Bilka, Senior Staff Architect and Secretariat to the IGCC

Allan Bilka, RA, is a Senior Staff Architect and Secretariat to the International Green Construction Code (IgCC) with the International Code Council, based in the ICC’s Chicago district office. He also serves as staff liaison to the ICC-700 National Green Building Standard. He has written several ICC white papers on green building and numerous green-related articles for the ICC. A registered architect, Bilka has over 30 years of combined residential design/build and commercial consulting engineering experience.

| Oct 17, 2011

Austin's newest urban apartment complex under construction

Complex sits on a four-acre waterfront site along Lady Bird Lake with spectacular city and lake views, and is slated to open spring 2013.

| Oct 17, 2011

Big D Floor covering supplies to offer Johnsonite Products??

Strategic partnership expands offering to south and west coast customers. 

| Oct 14, 2011

AISC develops new interoperability strategy to move construction industry forward

AISC is working to bring that vision to reality by developing a three-step interoperability strategy to evaluate data exchanges and integrate structural steel information into buildingSMART's Industry Foundation Classes.

| Oct 14, 2011

University of New Mexico Science & Math Learning Center attains LEED for Schools Gold

Van H. Gilbert architects enhances sustainability credentials.

| Oct 14, 2011

BD+C Survey on Building Information Modeling: The Good, the Bad, and the Solutions

In a recent survey conducted by Building Design+Construction, more than 75% of respondents indicated they currently use BIM or plan to use it. Respondents were also asked to comment on their experiences with BIM, what they liked and disliked about BIM, and what BIM-related advice they would give to their peers. 

| Oct 14, 2011

ACI partners with CRSI to launch new adhesive anchor certification program

Adhesive anchor installer certification required in new ACI 318-11.

| Oct 11, 2011

AIA introduces five new documents for use on sustainable projects

These new documents will be available in the first quarter of 2012 as part of the new AIA Contract Documents service and AIA Documents on Demand.

| Oct 7, 2011

GREENBUILD 2011: Schools program receives grant to track student conservation results

To track results, schools will use the newly developed Sustainability Dashboard, a unique web-based service that makes tracking sustainability initiatives affordable and easy.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021