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The document is AIA Document A102 – 2007, a standard form of agreement between an owner and contractor for construction projects where payment is based on the cost of work plus a fee, with a guaranteed maximum price. It outlines the responsibilities of both parties, including contract documents, work execution, payment terms, changes in work, costs to be reimbursed, and dispute resolution procedures. The document emphasizes the importance of legal consultation and adherence to copyright laws.

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What is A201 for?

A201 sets out terms and conditions regarding contract termination by either the contractor or the owner, or for the owner to suspend the work.

What is the difference between A101 and A201?

A201 will also say that the architect needs to review the pay app, and what happens once the architect reviews it, including issuance of a certificate for payment and finally owner payment. The A101, by contrast, will go into details about the contract sum amount and the period of performance covered by each pay app.

What is the difference between a stipulated sum contract and GMP?

Unlike stipulated sum contracts, which hold contractors responsible for completing projects at fixed prices regardless of actual costs incurred, GMP contracts transfer this risk to the contractor by setting a limit on how much the customer will be charged.

What is an document A101?

The A101 is the standard form of agreement furnished by the which is used in generating well-defined business relationships between a Pand a contractor. These contracts have been crafted, published, and promoted by a very influential and nationally renowned industry group.

What is the difference between A102 and A201?

About A101-2017. A1012017 is a standard form of agreement between owner and contractor for use where the basis of payment is a stipulated sum or fixed price. A101 adopts by reference, and is designed for use with, Document A2012017, General Conditions of the Contract for Construction.