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Standard construction contracts set the rulebook for project Success or failure on a project. Contract terms increase the price of project by 20% or more according to some studies. Case law, technology, delivery methods, processes, and insurance have changed dramatically over the past 10 years. The American Institute of Architects (AIA) updates its most used standard construction documents only once every 10 years. The 2017 edition of AIA A201 General Condition document will soon be the only A201 edition and it contains some important changes. ConsensusDocs, a coalition of 40 leading construction organizations that includes AGC, ABC and COAA published comprehensive updates to its standard prime contracts with integrated general conditions, subcontracts, design-build agreements, and CM@R agreements. Learn how to leverage these new documents in your next contract negotiations and understand the advantages and potential disadvantages of using these new standard contract documents.
The American Institute of Architects (AIA) updates its most used standard construction documents only once every 10 years. The 2017 edition of AIA A201 General Condition document will soon be the only A201 edition and it contains some important changes. Some of the more significant changes include impacts termination, retainage, notice, notice of claims, insurance, financial information, owner-directed means and methods, and dispute resolution will be addressed.ConsensusDocs also comprehensively updated its general terms and conditions in its design-bid-build, design-build, and Construction Management At-Risk. New provisions impact and contrast with the AIA A201 regarding payment, Insurance, terminations, indemnification, mediation, and arbitration dispute resolution.
Brian Perlberg is Executive Director and Senior Counsel for ConsensusDocs, a coalition of 40+ construction organizations dedicated to drafting best practice construction contracts. Mr. Perlberg serves on the ABA Forum on the Construction Industry Steering Committee for the Contract Documents, National Construction Dispute Resolution Committee (NCDRC) of the Arbitration Association of America (AAA), the Advisory Board to Construction SuperConference, and WPL Publishing.