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

| Sep 18, 2012

MKK opens office in North Dakota

MKK is currently working on seven projects in North Dakota, including a hotel, restaurant, truck stop, office building, and apartment complex.

| Sep 13, 2012

Leo A Daly Company promotes Kraskiewicz to senior vice president

Kraskiewicz, who most recently served as chief operations officer for the Leo A Daly division, will guide brand management, business development, operations and financial performance for 18 offices worldwide.

| Sep 11, 2012

About 170 events planned nationwide for fourth annual SteelDay September 28

SteelDay is a national event featuring free educational and networking opportunities for the design and construction community and the public.

| Sep 11, 2012

New York City releases first energy benchmarking data for private buildings

City is first in U.S. to disclose private-sector building energy data from a mandatory benchmarking policy.

| Sep 7, 2012

Net-zero energy pioneers on the el-hi frontier

Getting to net-zero is not easy, but the promise of eliminating energy bills and using state-of-the-art technology as a learning lab can make a compelling case to reach for net-zero.

| Sep 7, 2012

The keys to success in the K-12 school market

When educators and school administrators describe their vision for new K-12 school buildings as ‘21st-century learning spaces,’ they’re not exaggerating. Many new schools are truly different in concept from their counterparts of only a few years ago.

| Aug 24, 2012

Skanska hires Miller as procurement manager

Miller brings more than 25 years of construction procurement expertise.

| Aug 24, 2012

KLMK Group forms strategic alliance with Taylor Construction Management

KLMK's expertise in the capital delivery process and TCM's global platform combine to provide an integrated solution with an unparalleled impact for health care related industries.

| Aug 24, 2012

Study predicts how health economic, delivery and buildings play a role in the next decade

Study also finds accountable care organizations, pay-for-performance and aging population will have greatest impact over next five years.

| Aug 24, 2012

ABI downturn moderates as negative conditions continue

South the only region reporting increase in design activity.

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