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. 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. Another example regards minor changes to the work Section 7. 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.
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Highlights of the 2017 Revisions to the AIA-A101, A102, and A103
The Standard Form Agreements also include a much more thorough procedure for withholding retainage. If the Contractor fails to do so, it waives any adjustment to the Contract Sum or extension of Contract Time.
In "Article 12 Payments," the section on Contrac Payments now gives the Owner ten days after completion of an audit to provide a written report of same to the Architect. Further, the Initial Decision Maker is provided express absolution from liability for decisions made in good faith.
There are a few noteworthy revisions to "Article 9 Payments and Completion.
This article focuses on comparing the changes from the version to the version of the following documents: This change allows for greater flexibility and easier customization of the insurance requirements.
In other cases, revisions to the documents simply provide a cleaner, better organized version.
The AIA-A and AIA-A also include a new section forbidding the contractor from making advance payments to suppliers for materials that have not been delivered to the project site without a01 prior approval of the owner. 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. Most of the revisions addressed herein are found in the A document, which is customarily a cobtract contract document to the A, A or like other agreement cotract Owner and Contractor.
Fontract 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.
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. The contract for the long-lead items are later assigned to the contractor and the contractor must accept full responsibility for those contracts.
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. 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 S101 and A contract forms.
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.
The contractor is required to notify the owner and architect about any inconsistencies. If you have any other questions about the recent AIA revisions or drafting a contract for your particular project, please do not hesitate to contact us.
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.
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. 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. 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.
AIA-A now includes a section regarding procurement of long-lead items. For example, Section 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. The Revisions to the A form provide certain noteworthy clarifications regarding Claims.
Highlights of the Revisions to the AIA-A, A, and A | BuildSmart
Similarly, many of the revisions to the A contract form reflect the intent to provide a clearer, better structured agreement. Another example is Section 1.
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.
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. While new, this provision is consistent with Section 9. Another example is Section 4.