A™–, Exhibit A,. Insurance and Bonds, contemporaneously with this. Agreement. AIA Document A™–,. General Conditions of the. Contract for . AIA. ®. Document ATM. – Standard Form of Agreement Between Owner and Contractor where the basis of payment is the Cost of the Work Plus a. AIA Document A– adopts by reference and is intended for use with AIA Document A™–, General Conditions of the Contract for Construction.
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In the Revisions, if the Contractor believes that such minor changes will affect the Contract Sum or Contract Time, the Contractor must notify the Architect and not proceed with the changed work. This article highlights a number of the key revisions to two of the more utilized Owner-Contractor agreements, namely the A Payment of Stipulated Sum and A Payment of Cost Plus Fee and Guaranteed Maximum Priceand also the A General Conditions of the Contract for Construction agreement, which is customarily utilized in conjunction with the A and A contract forms.
Follow Please login to follow content. The same changes to “Payments” and “Enumeration of Contract Documents” referenced above are reflected in this form, but found in Articles 12 and 16, respectively.
Preparing Job Sites for Hurricanes: Some of the substantive changes to the Standard Form Agreements are highlighted below: There are a few aja revisions to the A form worth mentioning. See generally, Article Some of the more interesting revisions 1a02 the A form are addressed below. One example of these efforts is “Article 9 Enumeration of Contract Documents,” which more clearly defines what documents can comprise the totality of contract documents between the parties.
In the versions, both the A and A forms primarily referred a1002 Article 14 of the A form for the provisions relating to contract termination. The Standard Z102 Agreements also include a much more thorough procedure for withholding retainage. This new section requires the contractor to prepare a list of long-lead items and allows the owner to procure such items on terms acceptable to the contractor.
As is the case with the AIA-A, the most significant change to the Standard Form Agreements is the creation of the insurance and bonds exhibit.
AIA-A standard form agreement between owner and contractor where the basis of payment is a stipulated sum ; AIA-A standard form agreement between owner and contractor where the basis of payment is the cost of the work plus a fee with a guaranteed maximum price ; and AIA-A standard form agreement between owner and contractor where the basis of payment is cost of the work plus a fee without a guaranteed maximum price.
While new, this provision is consistent with Section 9.
In other cases, revisions to the documents simply provide a cleaner, better organized version. As indicated above, AIA made other minor revisions to the Standard Form Agreements, and the list above is not comprehensive of all revisions. Here are some of the more notable revisions to each of the above-mentioned contract forms. The Standard Form Agreements include a new method for calculating the amount that an owner must pay to a contractor for termination for convenience.
Share Facebook Twitter Linked In. Another example is Section 1. The A and forms then provided spacing whereby the types of insurance or bond and limits could be included.
If you would like to learn how Lexology can drive your content marketing strategy forward, please email enquiries lexology. Another example is Section 4. The A Revisions maintain many of the general provisions qia to insurance and bonds, but delete the provisions relating to the specific types of insurance required.
Overview of the Revisions to AIA Owner-Contractor Construction Documents
Please contact customerservices lexology. The Revisions to the A form provide certain noteworthy clarifications regarding Claims.
Under the version, much of the insurance and bonds information has been removed from the AIA-A and placed into an exhibit that is attached to the Standard Form Agreements. Another example regards minor changes to the work Section 7. AIA-A now includes a section regarding procurement of long-lead items.
Highlights of the Revisions to the AIA-A, A, and A – Lexology
The revisions also make clear that s102 Contractor may stop the Work following commencement under certain scenarios which indicate that the Owner cannot fulfill its payment obligations. For example, Section 1. Some of the substantive changes to the Standard Form Agreements are highlighted below:.
The AIA has added a paragraph to both form documents allowing for revisions to the contract documents that are consistent with the stated assumptions contained in the guaranteed maximum price or control estimate.