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 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.
For example, Section There are several notable revisions to the A form regarding contract administration. The Evolution of U.
While new, this provision is consistent with Section 9. My saved default Read later Folders shared with you. Login Register Follow on Twitter Search. Some of the more interesting revisions to the A form are addressed below.
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. This change allows for greater flexibility and easier customization of the insurance requirements. The AIA-A ais 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 aaia prior approval of the owner.
Another example is Section 1. There are a few substantive revisions to the A form worth mentioning. Some of the substantive changes to the Standard Form Agreements are highlighted below:. Please contact customerservices lexology. 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.
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Preparing Job Sites for Hurricanes: This article highlights a number of the key revisions to two of a12 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.
See generally, Article In other cases, revisions to the documents simply provide a cleaner, better organized version. 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.
While the wording and organization of a number of provisions is different, in large measure the revisions are simply for purposes of a providing a clearer, better structured document, cleaning up some ambiguities from the version.
For example, Section 1. The Standard Form Agreements also include a much more thorough procedure for withholding retainage.
Overview of the Revisions to AIA Owner-Contractor Construction Documents
The contractor is required to notify the owner and architect about any inconsistencies. Another example regards minor changes to the work Section 7. Further, the Revisions delineate between a Claim discovered before the period for correction of work expires Section In the versions, the 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.
One new provision Section 8. The contract for the long-lead items are later assigned to the contractor and the contractor must accept full responsibility for those contracts.
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. 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. The Standard Form Agreements include a new method for calculating the amount that an owner must pay to a contractor for termination for convenience.
USA July 20 There are a few noteworthy revisions to “Article 9 Payments and Completion. Share Facebook Twitter Linked In. 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.
Further, the Initial Decision Maker is provided express absolution from liability for decisions made in good faith.
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 “Article 12 Payments,” the section on Final Payments now gives the Owner ten days after completion of an audit to provide a written report of same to the Architect. Similarly, many of the revisions to the A contract form reflect the intent to provide a clearer, better structured agreement.
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.
Overview of the Revisions to AIA Owner-Contractor Construction Documents: King & Jurgens, L.L.C.
Another example is “Article 5 Z102 which streamlines and therefore clarifies the payment provisions in that form. 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. If the Contractor fails to do so, it waives any adjustment to the Contract Sum or extension of Contract Time.
Here are some of the more notable revisions to each of the above-mentioned contract forms. The A and forms then provided spacing whereby the types of insurance or bond and limits could be included. The Revisions a1022 clear that the Contractor is not required to commence the Work until receipt of a satisfactory response.