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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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. If you would like to learn how Lexology can drive your content marketing strategy forward, please email enquiries lexology.
Preparing Aja Sites for Hurricanes: In “Article 11 Accounting Records,” the list of records that the Contractor must make available to the Owner now includes job cost reports and Subcontractor zia, thereby providing the Owner with further access to information.
The Evolution of U. For example, Section This change allows for greater flexibility and easier customization of the insurance requirements. Share Facebook Twitter Linked In. The Standard Form Agreements also include a much more thorough procedure for withholding retainage.
Some of the more interesting revisions to the A form are addressed below.
Overview of the Revisions to AIA Owner-Contractor Construction Documents: King & Jurgens, L.L.C.
There are several notable revisions to the A form regarding contract administration. 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.
There are a few noteworthy revisions to “Article 9 Payments and Completion. The revisions also make clear that the Contractor may stop the Work following commencement under certain scenarios which indicate that the Owner cannot fulfill its payment obligations. While new, this provision is consistent with Section 9. The contract for the long-lead items are later assigned to the contractor and the contractor must accept full responsibility for those contracts.
Overview of the Revisions to AIA Owner-Contractor Construction Documents
There are a few substantive revisions to the A form worth mentioning. Here are some of the more notable revisions to each of the above-mentioned contract forms. 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.
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Well, He Wrote Me a Letter: The Standard Form Agreements include a new method for calculating the amount that an owner must pay to a contractor for termination for convenience. The A and forms then provided spacing whereby the types of insurance or bond and limits could be included. See generally, Article In the latter instance, the claimant provides notice to the other party rather than involve the Initial Decision Maker.
For example, Section 1. As indicated above, AIA made other minor revisions to the Standard Aiz Agreements, and the list above is not comprehensive of all revisions. This termination fee is in addition to payments that the owner must make to the contractor for i work properly performed and ii costs incurred by reason of the termination, including costs attributable to termination of subcontracts.
If the Contractor fails to do so, it waives any adjustment to the Qia Sum or extension of Contract Time. 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.
Anyone attempting to use the form documents should carefully examine and compare the version with the form. The AIA-A and AIA-A are occasionally executed before the contract documents are finalized and the guaranteed maximum price or control estimate may contain certain assumptions.
Register now for your free, tailored, daily legal newsfeed service. The A Revisions maintain many of the general provisions relating to insurance and bonds, but delete the provisions relating to the specific types of insurance required.
Highlights of the Revisions to the AIA-A, A, and A – Lexology
The contractor is required to notify the owner and architect about any inconsistencies. Follow Please login to follow content. AIA-A standard form agreement between owner and contractor where the basis aix 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 ai 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.
Another example is Section 1. The Aiw 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. The progress payment calculation has been simplified across the Standard Form Agreements and now includes, among other minor adjustments, a a02 adding change directive amounts to the progress payment calculation and a provision subtracting amounts that the contractor does not intend to pay to subcontractors.
This article focuses on comparing the changes from the version to the version of the following documents: Similarly, many of the revisions to the A contract form reflect the intent to provide a clearer, better structured agreement.