Because liquidated damages are a function of the Contractor’s failure to substantially complete the Work of this Contract within the Contract Time, this section has been added to cross-reference the fill point for liquidated damages in Article 4 (relating to adjustments in the Contract Sum). In order to clarify the handling of alternates on a Project, this provision has been modified to clearly identify alternates that are accepted at the time of contract execution and those alternates that may be accepted after a condition precedent has been met. New for 2019 is a requirement that insurance and bonds be issued by companies lawfully licensed to issue insurance and bonds, as the case may be, in the jurisdiction where the Project is located. AMENDMENTS TO AIA OWNER-CONTRACTOR AGREEMENTS AIA Document A101–2017, Standard Form of Agreement Between Owner and Contractor where the basis of payment is a Stipulated Sum, … Your request has been sent to the appropriate AIA Contract For specifics about the use of E235–2019, please see the instructions accompanying the document. The default for providing notice in electronic format will be through the use of. This can be used when portions of the Work will be completed and occupied by the Owner prior to Substantial Completion of the entire Work. Contact information for each state’s insurance commissioner can be obtained from the National Association of Insurance Commissioners. References in A132–2019 to the General Conditions refer specifically to A232–2019. The parties are free to define liquidated damages in this section as they may mutually agree; however, consultation with legal counsel is encouraged. Some of the significant differences are listed below. FORM DATE: 11/21/12 Agreement Between Owner and Contractor for Furniture, Furnishings and Equipment where the basis of payment is a Stipulated Sum Agreement made as of the ___ day of _____ in the year of 20__. A fill-point has been included in this section to allow the parties to provide for an agreement as to the allowable activities performed and percentage of time spent on activities related to the Work by the Contractor’s supervisory and administrative personnel performing Work at sites other than the Project site. Documents Support group. One example of a stipulated sum contract is AIA Contract Document A101-2017, Standard Form of Agreement Between Owner and Contractor where the basis of payment is a Stipulated Sum. Specifies that the contract documents include the agreement, the general and supplementary conditions of the contract, drawings, specifications, addenda, modifications, and other documents - Standard Form of Agreement between Owner and Contractor, where the basis of payment is a stipulated sum - General Conditions of the Contract for Construction In a minority of states, arbitration provisions relating to future disputes are not enforceable but the parties may agree to arbitrate after the dispute arises. endstream endobj 628 0 obj <>/Metadata 53 0 R/Pages 625 0 R/StructTreeRoot 81 0 R/Type/Catalog>> endobj 629 0 obj <>/MediaBox[0 0 612 792]/Parent 625 0 R/Resources<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 630 0 obj <>stream This language requires the Owner to authorize revisions to the Contract Documents that incorporate any agreed-upon assumptions upon which the Guaranteed Maximum Price is based. endstream endobj startxref I. The default for providing notice in electronic format will be through the use of AIA Document E203™–2013, Building Information Modeling and Digital Data Exhibit. § 4.2.2 Alternates. Dispute Resolution—Mediation and Arbitration. A101 ® Standard Form Of Agreement Between Owner/Contractor Where The Basis Of Payment Is a Stipulated Sum. Section B.3.1.2 will allow these costs to be included in the Cost of the Work if approved in advance by the Owner. Section B.3.1.2 will allow these costs to be included in the Cost of the Work if approved in advance by the Owner. The 2019 edition of A132 revises the 2009 edition to reflect changes made in the most recent edition of A232. This insurance and bonds exhibit forms an integral part of AIA Document A132–2019 and allows the parties to establish key insurance terms related to the Project. AIA Document A132–2019 is intended to be used in conjunction with the following documents: A232™–2019, General Conditions of the Contract for Construction, Construction Manager as Adviser Edition, which is incorporated by reference; B132™–2019, Standard Form of Agreement Between Owner and Architect, Construction Manager as Adviser Edition; and. Unlike previous editions of AIA Document A132, which included a fill point to list the types and limits of insurance, and AIA Document A232, which listed general contractual terms regarding insurance, insurance terms relating to the type and amount of coverage have been removed from AIA Document A132–2019 and A232–2019 and have been included in AIA Document A132–2019, Standard Form of Agreement Between Owner and Contractor, Construction Manager as Adviser Edition, Exhibit A, Insurance and Bonds.