AIA addresses industry nuances with 13 contract updates | Dump Trucks Charlotte NC
Columbus Ohio Dump Truck Company Brief:
- The American Institute of Architects on Tuesday released 13 new and revised contract documents that the organization said would better represent construction industry "trends and nuances.
Dump Trucks Columbus OH Insight:
Most commercial columbus oh dump truck company are likely familiar with the AIA series of construction agreements and documents as they are used often throughout the industry, although there are new publishers like ConsensusDocs that have also come to market with their own line of contracts.
The AIA typically issues updates to its contracts every 10 years, the last one in the spring of 2017. Some highlights from those revisions are:
- A provision that the architect is to act with impartiality when exercising the authority given to it in the contract.
- More opportunities for direct communication between the contractor and owner, while still keeping the architect in the loop.
- More details about insurance requirements.
- A new section on retainage, the amount typically withheld from a contractor's payment until the end of the project or until the contractor's columbus oh dump truck company has gained final acceptance.
- An allowance for a termination fee.
- More references to electronic communication.
- More access to the owner's financial information.
- The addition of a sustainable projects exhibit.