Rather, the Contractor is responsible for determining which Subcontractor bids will be accepted and the Owner, in consultation with the Architect, may choose to reject Subcontractors proposed by the Contractor. This replaces Article 17 of A102–2007 with AIA Document A102–2017 Exhibit A. § 12.1.2 Insert the time period covered by each Application for Payment if it differs from the one given. List additional documents in Section 16.1.9 that will form part of the Contract Documents. Identify any alternates described in the Contract Documents and accepted by the Owner as included in the Contract Sum. § 15.2 Identify the Owner’s representative and indicate how that person may be contacted. Arbitration is binding in most states and under the Federal Arbitration Act. This standard form of agreement between owner and contractor is appropriate for use on large projects requiring a guaranteed maximum price, when the basis of payment to the contractor is the cost of the work plus a fee. A representative will respond in a timely manner. Where other insurance coverage will be provided by the Owner, check the box for Section A.2.5.2 and indicate the type of coverage and any applicable limits. The parties are free to define liquidated damages in this section as they may mutually agree; however, consultation with legal counsel is encouraged. Where other insurance coverage will be provided by the Owner, check the box for Section A.2.5.2 and indicate the type of coverage and any applicable limits. This insurance and bonds exhibit is a critical part of the owner/contractor agreement and should be discussed with legal and insurance counsel. This document has been prepared for use in conjunction with the AIA Document A201–2017, General Conditions of the Contract for Construction, which is adopted into AIA Document A102–2017 by specific reference. § 12.1.8 A more prescriptive provision on retainage has been included that will allow the parties to clearly delineate the retainage amount, exclusions from retainage, and how retainage may be reduced at Substantial Completion. § 4.3.3 Because liquidated damages are a function of the Contractor’s failure to achieve Substantial Completion within the Contract Time, this section has been added to cross-reference the fill point for Liquidated Damages in Article 5 (relating to adjustments in the Contract Sum). This insurance and bo… Architect. Insert any conditions for release of retainage upon Substantial Completion. § 5.1.1 Enter the method used for determining the Contractor’s Fee (lump sum, percentage of Cost of the Work or other method). Mediation is a non-binding process but is mandatory under the terms of this agreement. A detailed enumeration of all Contract Documents must be made in this article. § 4.1 The format for the date of commencement of the work has been changed to a checkbox allowing the parties to select either (1) the date of the Agreement, (2) the issuance of a notice to proceed (NTP) by the Owner, or (3) a different date as agreed by the parties. It will be the date from which the Contract Time is measured unless a different date is inserted under Section 4.1. Reproductions. It is also important to note that additional insurance provisions are included in Article 11 of AIA Document A201–2017. Where the Contractor is required to maintain required insurance for a duration other than the period for correction of the Work, indicate the duration of required coverages in the fill point provided. This insurance and bonds exhibit is a critical part of the owner/contractor agreement and should be discussed with legal and insurance counsel. If the Contractor terminates for cause, or the Owner terminates for convenience, AIA Document A201–2017 provisions govern. If a provision for liquidated damages is included, it should be carefully drafted by the Owner’s attorney and acceptable to the Contractor’s attorney. Insert here, the amount of the termination fee or the method for calculating the termination fee. The AIA endorses the practice of reducing retainage as rapidly as possible, consistent with the continued protection of all affected parties. A more prescriptive provision on retainage has been included that will allow the parties to clearly delineate the retainage amount, exclusions from retainage, and how retainage may be reduced at Substantial Completion. § 184.108.40.206 The AIA endorses the practice of reducing retainage as rapidly as possible, consistent with the continued protection of all affected parties. Information regarding insurers and sureties admitted to write insurance or issue bonds in your jurisdiction can be found by contacting the insurance commissioner in each state. This clarifies information previously included in a parenthetical instruction. For example, the Owner and Contractor may agree to progressively increase the termination fee up to fifty percent completion and then agree to progressively reduce the Contractor’s termination fee until final completion. AIA Document A102–2017 adopts by reference and is intended for use with AIA Document A201®–2017, General Conditions of the Contract for Construction. § 14.1.3 A fill-point has been added for the parties to identify the termination fee that the Owner will pay to the Contractor in the event of a termination for convenience. This insurance and bo… Insert terms for reduction or limitation of retainage. AIA Document A102 – 2017 is published in conjunction with the following related documents: A201 – 2017, General Conditions of the Contract for Construction, A401™ – 2017, Agreement Between Contractor and Subcontractor, B101™ – 2017, Agreement Between Owner and Architect, C401™ – 2017, Agreement Between Architect and Consultant, E203™–2017, Digital Data Protocol Exhibit, D503™, Guide for Sustainable Projects, including Commentary on AIA Sustainable Projects Documents. Details on completing AIA Document A102–2017 Exhibit A are included below. § 5.1.7 As discussed at 5.1.6 above, AIA Document A102–2007 included a fill point to add a Liquidated Damages provision and a bonus provision. The other Contract Documents are: Insurance and Bonds Exhibit (i.e., A201 – 2017, Exhibit A, Insurance and Bonds). Select the appropriate box and insert the date or number of days as appropriate. § 13.2 Select from three choices of binding dispute resolution: (1) arbitration, (2) litigation or (3) another method that the parties must identify. For further information on liquidated damages see AIA Document. When forwarding AIA Document A102–2017 Exhibit A to your insurance broker or legal counsel, be sure to include, at a minimum, Article 11 of AIA Document A201–2017 as these terms will be important to reviewing AIA Document A102–2017 Exhibit A and advising you of appropriate coverage.
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