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AGC Provides Shared Savings Clause to ConsensusDocs 500 CM/GC Contract


Shared savings provide an incentive for a CM At-Risk General Contractor to reduce costs on a project.
 

AGC has just posted Guidebook comments that provide a shared savings clause to the ConsensusDocs 500 standard construction management at-risk contract document. Shared savings clause is a great example of a win-win for construction projects, which is a primary reason why owners and constructors alike are making the move to ConsensusDocs contracts.  Shared savings provide an incentive for a CM At-Risk General Contractor to reduce costs on a project that benefit the Owner and CM. You can find AGC’s comments to the ConsensusDocs 500 contract as well as the entire library of 100+ ConsensusDocs contract documents for members only or here for the public version

For questions, you may contact Brian Perlberg, AGC Sr. Counsel at perlbergb@agc.org.

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