The American Institute of Architects (AIA) Standard Form Conditions for contracts entered into between owners and general contractors contain the following damages waiver:

  • 15.1.6 Claims for Consequential Damages

The contractor and owner waive claims against each other for consequential damages arising out of or relating to this contract. This mutual waiver includes:

  • damages incurred by the owner for rental expenses, for losses of use, income, profit, financing, business and reputation, and for loss of management or employee productivity or of the services of such persons; and
  • damages incurred by the contractor for principal office expenses including the compensation of personnel stationed there, for losses of financing, business and reputation, and for loss of profit except anticipated profit arising directly from the work.

This mutual waiver is applicable, without limitation, to all consequential damages due to either party's termination in accordance with Article 14. Nothing contained in this Section 15.1.6 shall be deemed to preclude an award of liquidated damages, when applicable, in accordance with the requirements of the contract documents.