The American Institute of Architects (AIA) is releasing updated contract documents today, including two key residential contracts and a complimentary Condominium Project Guide.
Revised residential contract documents address insurance requirements, post-occupancy site visits and maintenance requirements. The updated B109™-2020, Standard Form of Agreement Between Owner and Architect for a Multi-Family Residential or Mixed Use Residential Project now includes a new, optional limitation of liability. While incorporating the aspects of the new B109, the free Condominium Projects Guide includes model language pertaining to the homeowners association, the individual unit owners, by-laws, and purchase agreements.
“Although the B109 is designed for multi-family residential projects, it specifically includes a representation by the owner that the project will not include a residential condominium,” said AIA Contract Documents Manager and Counsel James R. Germano, Esq. “Parties wishing to convert the B109 for use on a residential condominium project will find the Condominium Projects Guide helpful.”
For residential development, the updated B107™-2020, Standard Form of Agreement Between Developer-Builder and Architect for Prototype(s) for a One or Two Single Family Residential Project with Limited Architectural Services incorporates updated language from the B101, Owner/Architect Agreement. The B107 is specifically designed to allow a developer-builder to hire an architect to design prototype houses, the design of which can be repeatedly used by the developer-builder. The architect is expected to develop the design of each prototype to a level minimally required to achieve a building permit. Meanwhile, the developer-builder is expected to be an entity who is knowledgeable about residential construction who can then take this “Permit Set” of drawings and complete the project.
AIA will provide a free webinar to learn more about the key residential documents’ updates from 1-2 p.m. EST, on Monday, Nov. 2. Registration is required.
Other new and revised documents being released are:
A305™-2020, Contractor’s Qualification Statement
The updated A305 allows contractors to express additional capabilities such as safety protocols and plans, sustainability services as well as BIM experience. A305 can also now be assembled in a modular fashion. Contractors can use it to provide general information about their company, sensitive financial and performance information, and information that pertains to a specific project.
Learn more
A313™-2020, Warranty Bond
The AIA worked closely with both the National Association of Surety Bond Producers (NASBP) and the Surety & Fidelity Association of America (SFAA) to develop the new warranty bond, which provides coverage for the contractor’s post-completion warranty obligations when a traditional performance bond may cease to provide coverage. This new bond is a useful tool to owners and contractors who wish to navigate the post-completion warranty obligation process more successfully, particularly on complex projects.
Learn more
B106™-2020, Standard Form of Agreement Between Owner and Architect for Pro Bono Services
The free pro bono agreement has been updated to include the 2017 core AIA document changes as well as clauses that help architects providing pro bono services mitigate the risk of such activities, including clauses that address indemnity and limitation of liability.
Learn more
AIA documents can be purchased with an unlimited-use annual license or as a single, customizable document. AIA contract documents are also available as single, non-editable documents and as paper versions through some AIA chapters. Visit aiacontracts.org for more information.
Related Stories
Market Data | Jun 14, 2016
Transwestern: Market fundamentals and global stimulus driving economic growth
A new report from commercial real estate firm Transwestern indicates steady progress for the U.S. economy. Consistent job gains, wage growth, and consumer spending have offset declining corporate profits, and global stimulus plans appear to be effective.
Market Data | Jun 7, 2016
Global construction disputes took longer to resolve in 2015
The good news: the length and value of disputes in the U.S. fell last year, according to latest Arcadis report.
Market Data | Jun 3, 2016
JLL report: Retail renovation drives construction growth in 2016
Retail construction projects were up nearly 25% year-over-year, and the industrial and office construction sectors fared well, too. Economic uncertainty looms over everything, however.
Market Data | Jun 2, 2016
ABC: Nonresidential construction spending down in April
Lower building material prices, a sluggish U.S. economy, and hesitation among private developers all factor into the 2.1% drop.
Market Data | May 20, 2016
Report: Urban area population growth slows
Older Millennials are looking to buy homes and move away to more affordable suburbs and exurbs.
Market Data | May 17, 2016
Modest growth for AIA’s Architecture Billings Index in April
The American Institute of Architects reported the April ABI score was 50.6, down from the mark of 51.9 in the previous month. This score still reflects an increase in design services.
Market Data | Apr 29, 2016
ABC: Quarterly GDP growth slowest in two years
Bureau of Economic Analysis data indicates that the U.S. output is barely growing and that nonresidential investment is down.
Market Data | Apr 20, 2016
AIA: Architecture Billings Index ends first quarter on upswing
The multi-family residential sector fared the best. The Midwest was the only U.S. region that didn't see an increase in billings.
Building Technology | Apr 11, 2016
A nascent commercial wireless sensor market is poised to ascend in the next decade
Europe and Asia will propel that growth, according to a new report from Navigant.
Industry Research | Apr 7, 2016
CBRE provides latest insight into healthcare real estate investors’ strategies
Survey respondents are targeting smaller acquisitions, at a time when market cap rates are narrowing for different product types.
