What are AIA General Conditions?
The general conditions are an integral part of the contract for construction for a large project and they are incorporated by reference into the owner/contractor agreement. They set forth the rights, responsibilities, and relationships of the owner, contractor, and architect.
What is a stipulated sum in AIA contracts?
A stipulated sum contract requires that the contractor agree to be responsible for the proper job execution at a set price. One example of a stipulated sum contract is AIA Contract Document A101-2017, Standard Form of Agreement Between Owner and Contractor where the basis of payment is a Stipulated Sum.
What percentage is general conditions?
Project general conditions costs may range between 6 and 12 percent on typical commercial construction jobs.
What are general conditions costs?
Direct project overhead costs are often referred to as general conditions and include costs incurred at the jobsite for supervision and administration of the overall contract but not ascribable to any particular onsite construction activity.
What do you need to know about AIA Document A105?
AIA Document A105™–2017 is a stand-alone agreement with its own general conditions. AIA Document A105–2017 is for use on a project that is modest in size and brief in duration, and where payment to the contractor is based on a stipulated sum (fixed price).
Which is the best AIA owner contractor agreement?
For larger and more complex projects, other AIA owner/contractor agreements are more suitable. AIA Documents A105–2017 and B105™–2017, Standard Short Form of Agreement Between Owner and Architect, comprise the Small Projects family of documents.
Can a B105 be used with an A105 agreement?
Although A105 and B105 share some similarities with other agreements, the Small Projects family should NOT be used in tandem with agreements in other document families without careful side-by-side comparison of contents. For use and execution of a document, see its instructions » Purpose and related documents.
Which is the standard short form of AIA agreement?
A105 is specifically adopted by separate reference into the B105 as described below. For larger and more complex projects, other AIA agreements are more suitable, such as A104™–2017, Standard Abbreviated Form of Agreement Between Owner and Contractor.
