The American Institute of Architects (AIA) publishes a multitude of contract forms for use on construction projects. While the AIA attempts to achieve a balance among the interests of owners, architects and contractors, there is a natural bias in favor of architects, which may also redound to the benefit of contractors. However, because of their widespread use, the forms are generally accepted by owners in order to avoid costly negotiations with architects and contractors.
While we endorse the use of AIA forms, we recommend fundamental modifications to protect the interests of the owner. In this article, we will suggest several modifications to the “Standard Form of Agreement Between Owner and Contractor for a Project of Limited Scope” (AIA Document A107-2007), which we believe will provide greater protections to the owner than exist under the form.
The Contract Sum
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