Description
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Downloadable WORD Document — DBIA Document No. 555 Standard Form of Agreement Between Design-Builder and General Contractor — Lump Sum (2022 Edition), (“Agreement”) sets forth the terms and conditions under which the construction of the Project will be performed, and should be used when the parties intend that Design-Builder pay General Contractor on a lump sum basis.
This Agreement can be used with DBIA Document No. 525 Standard Form of Agreement Between Owner and Design-Builder — Lump Sum or DBIA Document No. 530 Standard Form of Agreement Between Owner and Design-Builder — Cost Plus Fee with an Option for a Guaranteed Maximum Price, and including DBIA Document No. 535 Standard Form of General Conditions of Contract Between Owner and Design-Builder.
It is also envisioned that Design-Builder and General Contractor will have worked together in the procurement of the prime contract. If the parties execute this Agreement after the Construction Documents are final, the Agreement should be modified accordingly.
