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Summary: A1022017, Standard Form of Agreement Between Owner and Contractor where the basis of payment is the Cost of the Work Plus a Fee with a Guaranteed Maximum Price.
The A201 is used as a foundation for other contract documents and will be referenced throughout the projects contracts. The A201 lays out relationships between the owner, architect, and contractor that other documents can rely on and refer to: A101 (Owner-contractor agreement) Buy | Sample.
Who is given the right to stop work and for what reasons? The owner if the contractor fails to correct work that is not in conformance with the contract documents. A written order to stop work may be issued by the owner until the cause for the order has been eliminated.
The A201 is a companion document to the A102 and A103. Where the A102 and A103 will include specific details as to the project and agreement, the A201 includes more general terms and conditions applicable to all projects, such as Change Orders, Progress Payments and Substantial Completion.
It defines terms and the relationships between the various parties. While not an agreement itself, many agreements on the project refer to the A201 for various reasons. The owner/architect agreement, the owner/contractor agreement, and even the contractor/subcontractor agreements refer to and incorporate A201.
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