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Downloadable WORD Document DBIA Document No. 555, Standard Form of Agreement Between Design-Builder and General Contractor -- Lump Sum (2010 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 (2010 Edition) 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 (2010 Edition), and including DBIA Document No. 535, Standard Form of General Conditions of Contract Between Owner and Design-Builder (2010 Edition).
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.
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