New AIA Integrated Project Delivery Agreements Introduced at Convention
The AIA introduced two sets of documents May 15 at the AIA 2008 National Convention and Design Exposition. The first, a set of three agreements, is a transitional approach to integrated project delivery and features an owner-architect agreement form, a separate owner-contractor agreement form, and a general conditions document that defines the responsibilities of each participant, with a guaranteed maximum price amendment. The second, more novel agreement is the C195™–2008, Standard Form Single Purpose Entity Agreement for Integrated Project Delivery, which creates a limited liability company among the owner, architect, construction manager, and possibly other parties, according to the specifics of a particular project.
Howard Goldberg, Esq., outside counsel to the AIA Documents Committee has prepared a detailed explanation of these new documents, available here.
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