Jake Carroll and Jenna Lasseter | Nelson Mullins Riley & Scarborough When negotiating construction contracts, attorneys often focus on the American Institute of Architects (AIA) A201-2017 General Conditions, a widely used standard in the industry. However, construction loan agreements, drafted from the lender’s perspective, frequently contain provisions that conflict with or impose additional obligations beyond… Continue reading Avoiding Contract Conflicts: 5 Key AIA Provisions to Align with Loan Documents
Tag: American Institute of Architects
Avoiding Contract Conflicts: 5 Key AIA Provisions to Align with Loan Documents
Jake Carroll and Jenna L. Lasseter | Nelson Mullins When negotiating construction contracts, attorneys often focus on the American Institute of Architects (AIA) A201-2017 General Conditions, a widely used standard in the industry. However, construction loan agreements, drafted from the lender’s perspective, frequently contain provisions that conflict with or impose additional obligations beyond those in… Continue reading Avoiding Contract Conflicts: 5 Key AIA Provisions to Align with Loan Documents
Updates to AIA Contract Applications
Anand Gupta | Construction Law Zone The construction industry often relies on contract forms drafted by the American Institute of Architects (AIA). These AIA forms include agreements between owners, designers, consultants, contractors, subcontractors, and construction managers. Some prefer to use the forms in the stock form, but others prefer to modify the language to their… Continue reading Updates to AIA Contract Applications
Wyncrest Commons: Commonly Used Progress Payments In Construction Contracts Do Not Render Them Installment Contracts
Benjamin J. Hochberg | Peckar & Abramson In BIL-JIM Construction Company, Inc. v. Wyncrest Commons, LP, 2023 WL 7276637 (Unpublished, decided November 3, 2023), the New Jersey Appellate Division was asked to consider two issues regarding the interpretation and application of a construction contract that utilized the standard form American Institute of Architects owner/contractor agreement (AIA… Continue reading Wyncrest Commons: Commonly Used Progress Payments In Construction Contracts Do Not Render Them Installment Contracts
At a Glance: Construction Contracts and Insurance in USA
Jerry P. Brodsky and Michael S. Zicherman | Peckar & Abramson Contracts and insurance Construction contracts What standard contract forms are used for construction and design? Must the language of the contract be the local language? Are there restrictions on choice of law and the venue for dispute resolution? Many different form contracts are utilised.… Continue reading At a Glance: Construction Contracts and Insurance in USA