7 Major Revisions To Standard Form Construction Contracts
Law360, New York (December 4, 2017, 10:08 AM EST) -- The standard construction contract documents issued by the American Institute of Architects (“AIA”) are widely used in the construction industry to delegate various obligations and rights leading up to, and during, a construction project. Every decade, the AIA issues revisions to the standard form contract documents to address changes and trends in the industry. This article will identify the major revisions, explain the purpose of the revisions and identify which party benefits and which party is burdened by the specific revision.
Insurance and Bond Exhibit
One of the most significant changes in the 2017 version of the AIA documents is the...
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