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Good Faith and Fair Dealing: The Essence of Construction Agreements

Constructonomics

On construction projects, contractors, owners, and subs will fire contract language back and forth like missiles in what gets to be an arms race of legalities that negatively affects projects by creating panic and anxiety. I think it’s safe to say that the AIA construction contracts are favorable to the ownership. Berkeley.

Agreement 219
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Gru Was Wrong About the Money: Court Concludes that Lender Owes Contractor “Contractually, Factually and Practically”

Best Practices Construction Law

Del, May 2, 2022), the trial court found that when a bank pays a contractor directly, it can create a legally binding relationship subject to the terms of the construction loan agreements with the owner. The owner and contractor entered into an AIA Contract for the construction management services.

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AIA releases 13 new and updated contract documents

BD+C

One of the most notable changes is a new Contractor-Subcontractor Master Agreement and accompanying work order. The new agreement allows a contractor and subcontractor to agree to a predefined set of terms and conditions that apply to multiple scopes of work.

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Construction Contracts Online: ConsensusDOCS and AIA Go Head-to-Head

Best Practices Construction Law

I posted about the new technology by ConsensusDOCS that offered around the clock access, easy editing, easy collaboration, ability to convert, compare and track changes, as well as new legal commentary and user guides. B132–2009, Standard Form of Agreement Between Owner and Architect, Construction Manager as Adviser Edition.

AIA 48
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Louisiana Court Enforces AIA Wavier of Subrogation to Preclude Carrier’s Recovery

Constructlaw

The policies shall provide such waivers of subrogation by endorsement or otherwise.

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Navigating challenges in construction administration

BD+C

Navigating challenges in construction administration 0 qpurcell Mon, 08/28/2023 - 14:25 Building Team Vessel Architecture's Rebekah Schranck, AIA, shares how the demanding task of construction administration can be challenging, but crucial. Our AIA agreement outlines the appropriate procedures and processes for change orders.

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7 Things Contractors Need to Know About Retainage

Fieldwire

It is governed by the contract, which means it’s part of the agreement between two parties. For example, in the American Institute of Architects (AIA) A401 — the standard contract between a contractor and subcontractor — the retainage amount is blank. Retainage is up for negotiation Retainage is not set in stone.