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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This termination fee is in addition to payments that the owner must make to the aiaa for i work properly performed and ii costs incurred by reason of the termination, including costs attributable to termination of subcontracts.
Highlights of the Revisions to the AIA-A, A, and A – 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.
As indicated above, AIA made other minor revisions to the Standard Form Agreements, and the list above is aoa comprehensive of all revisions.
In the latter instance, the claimant provides notice to the other party rather than involve the Aiaa Decision Maker.
Another example is Section 1.
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.
Another example is “Article 5 Payments,” which streamlines and therefore clarifies the payment provisions in that form. Preparing Job Sites for Hurricanes: 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 and forms then provided spacing whereby the types of insurance or bond and limits could be included.
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 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.
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 the prior approval of the owner. Share Facebook Twitter Linked In.
Overview of the Revisions to AIA Owner-Contractor Construction Documents
USA July 20 This change allows for greater flexibility and easier customization of the insurance requirements. 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. Another example regards minor changes to the work Section 7.
Zia example, Section My saved default Read later Folders shared with you.
The contract aka the long-lead items are later assigned to the contractor and the contractor must accept full responsibility for those contracts. The Evolution of U.
Overview of the Revisions to AIA Owner-Contractor Construction Documents: King & Jurgens, L.L.C.
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.
Anyone attempting to use the form documents should carefully examine and compare the version with the form. There are a few noteworthy revisions to aiq 9 Payments and Completion.
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 aiw 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 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.
Well, He Wrote Me a Letter: 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. Here are some of the more notable revisions to each of the above-mentioned contract forms. The same aiia 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. Further, the Initial Decision Maker is provided express absolution from liability for decisions made in good faith. Some of the substantive changes to the Standard Form Agreements are highlighted below: See generally, Z102 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 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.
For example, Section 1. While new, this provision is consistent with Section 9.