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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The Revisions make clear that the Contractor is not required to commence the Work until receipt of a satisfactory response.
The Standard Form Agreements also include a much more thorough procedure for withholding retainage. AIA-A now includes a section regarding procurement of long-lead items.
Overview of the Revisions to AIA Owner-Contractor Construction Documents: King & Jurgens, L.L.C.
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. Similarly, many of the revisions to the A contract form reflect the intent to provide a clearer, better structured agreement. Well, He Wrote Me a Letter: The Exhibit A form more clearly articulates the responsibilities of the parties and, by means of blanks and boxes to be checked, allows the parties to clearly identify the agreed-upon types of insurance and limits.
This article highlights a number of the key xia 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.
Overview of the Revisions to AIA Owner-Contractor Construction Documents
This change allows for greater flexibility and easier customization of the insurance requirements. The Evolution of U. Please contact customerservices lexology. This article focuses on comparing the changes from the version to the version of the following documents: 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 invoices, thereby providing the Owner with further access to information.
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. The Standard Form Agreements include a new method for calculating the amount that an owner must pay to a contractor for termination for convenience.
In other cases, revisions to the documents simply provide a cleaner, better organized version.
For example, Section There are a few noteworthy revisions to “Article 9 Payments and Completion. In the versions, aiz A and A forms simply stated that the Contractor would purchase and maintain insurance and provide bonds as set forth in Article 11 of the A form.
For example, Section 1. Under the version, much of the insurance and bonds information has been removed from the AIA-A and placed aix an exhibit that is attached to the Standard Form Agreements. Article 11 of the A form laid out in detail the specific types of insurance to be furnished by the Contractor and the Owner, and also addressed related issues like subrogation.
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Highlights of the Revisions to the AIA-A, A, and A – Lexology
My saved default Read later Folders shared with you. The A and forms then provided spacing whereby the types of insurance or bond and limits could be included.
As discussed in a May blog articlethe American Association of Architects AIA revise their form agreements between owner and contractor approximately every 10 years, and these form documents were recently revised by the AIA a couple of months ago. Here are some of the more notable revisions to each of the above-mentioned contract forms.
There are several notable revisions to the A form regarding contract administration. Login Register Follow on Twitter Search. Further, the Initial Decision Maker is provided express absolution from liability for decisions made in good faith. Another example is Section 4. The Revisions to the A form provide certain noteworthy clarifications regarding Claims.
Some of the substantive changes to the Standard Form Agreements are highlighted below:. Most of the revisions addressed herein are found in the A document, which is customarily a companion contract document to the A, A or like other agreement between Owner and 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. Another example is “Article 5 Payments,” which streamlines and therefore clarifies the payment provisions in that form.
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. See generally, Article 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.
USA July 20 Another example regards minor changes to the work Section 7. Some of the more interesting revisions to the A form are addressed below. In the versions, both the A and A forms primarily referred to Article 14 of the A form for the provisions relating to contract termination.
One new provision Section 8. Another example is Section 1.