What to Know About Architect Group’s New Contract Forms
Law 360, May 30, 2018, by John Kennedy
With the American Institute of Architects set to phase out a number of old contract documents and require attorneys to use a new set unveiled last year, those who use the contracts need to familiarize themselves with what experts have called evolutionary, but not revolutionary, changes.
Since 1888, when the AIA published its first standardized contract form, the association’s documents have been widely used by construction industry professionals as they draw up agreements for their projects. Recently, custom contracts and forms developed by competitor groups such as ConsensusDocs have taken a bite out of the AIA’s market share, but most lawyers say the group’s documents comprise the majority of the contracts they see each year.
The most recent update focuses on the design-bid-build delivery model, in which a project owner hires separate parties to complete the design and construction aspects of the job.
The most significant difference between the 2017 and 2007 versions of the documents is how they handle insurance, but the newest iterations also include a number of changes aimed at keeping up with the construction industry and making the documents themselves easier to use. They’ve been generally well-received, but there are still certain aspects that users think could’ve been handled better. To read entire article click here.
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