What You Absolutely Need to Know about the New AIA A201

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LIVE SESSION
What You Absolutely Need to Know about the New AIA A201 and ConsensusDocs Standard Construction Contracts
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Date and Time: 20th May 2019 | 11:30 AM PST | 02:30 PM EST
Duration: 60 Minutes Instructor: Brian Perlberg
 

Webinar Description:

Standard construction contracts set the rulebook for project Success or failure on a project. Contract terms increase the price of project by 20% or more according to some studies. Case law, technology, delivery methods, processes, and insurance have changed dramatically over the past 10 years. The American Institute of Architects (AIA) updates its most used standard construction documents only once every 10 years. The 2017 edition of AIA A201 General Condition document will soon be the only A201 edition and it contains some important changes. ConsensusDocs, a coalition of 40 leading construction organizations that includes AGC, ABC and COAA published comprehensive updates to its standard prime contracts with integrated general conditions, subcontracts, design-build agreements, and CM@R agreements. Learn how to leverage these new documents in your next contract negotiations and understand the advantages and potential disadvantages of using these new standard contract documents.

Why Should you Attend:

The American Institute of Architects (AIA) updates its most used standard construction documents only once every 10 years. The 2017 edition of AIA A201 General Condition document will soon be the only A201 edition and it contains some important changes. Some of the more significant changes include impacts termination, retainage, notice, notice of claims, insurance, financial information, owner-directed means and methods, and dispute resolution will be addressed.ConsensusDocs also comprehensively updated its general terms and conditions in its design-bid-build, design-build, and Construction Management At-Risk. New provisions impact and contrast with the AIA A201 regarding payment, Insurance, terminations, indemnification, mediation, and arbitration dispute resolution.

Areas Covered in the Session:

  • AIA A201 2017 General Terms and Conditions Document
  • AIA A401
  • ConsensusDocs standard construction contact
  • Termination
  • Payment terms
  • Indemnification
  • Dispute resolution
  • Arbitration
  • Owner-directed Means and Methods

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