§ 2.2 If the date of Commencement of the Contractor’s Work is a date other than the date of the Agreement, the date should be included in the fill point at Section 2.2. Documents Support group. 2. Insert the interest rate applicable to overdue payments or leave blank to permit the legal rate to apply. Notice to Proceed is issued by the Owner. § 3.2 Insert the schedule of values whereby the Contract Sum is allocated among the various portions of the Work. Parties to this Agreement should be identified using the full address and legal name under which the Agreement is to be executed, including a designation of the legal status of both parties (sole proprietorship, partnership, joint venture, unincorporated association, limited partnership or corporation [general, closed or professional], etc.). Insert Allowances, if any, to be included in the Contract Sum. and the authority under which they are executing the Agreement. In addition, A102 is drafted to be used in conjunction with the A102™–2017, Exhibit A, Insurance and Bonds. ARTICLE 2 DATE OF COMMENCEMENT AND SUBSTANTIAL COMPLETION § 2.1The date of commencement of the Work shall be: (Check one of the following boxes.) The date of commencement could be the date of this Agreement, a date set forth in a notice to proceed issued by the Owner, or another date using a method established by the parties. For more information, see the document footer and the AIA Contract Documents. Indicate the applicable coverage limits for the Contractor’s automobile liability coverage. Users are encouraged to consult an attorney before completing or modifying a document. 270 Washington Street, S.W. And lastly, the notice upholds and protects the contractual and proprietary rights of the parties. A. 1. NTP is a legal contract and enforceable and binding. AIA Document A105–2017 is for use on a project that is modest in size and brief in duration, and where payment to the contractor is based on a stipulated sum (fixed price). The fundamental purpose of a notice to proceed is to protect both the interests of the owner of the property and the contractor or any specified agent. § 5.1.7 If the Contractor will be required to purchase and maintain other insurance, list the type of coverage and any applicable coverage limits. Free Valentines Day Facebook Post Template, Free Operational Plan For Project report Template, Free World Cancer Day whatsapp image Template, Free World Cancer Day Twitter Post Template, 14+ Real Estate Termination Notice Templates in PDF | Word. This standard form of agreement between owner and contractor is appropriate for use on large projects requiring a guaranteed maximum price, when the basis of payment to the contractor is the cost of the work plus a fee. Policies that do not expressly require actual exhaustion are interpreted to permit exhaustion of the underlying policies through payments or contributions made by any combination of underlying insurers, insureds or third parties (sometimes referred to “functional exhaustion”). It is important to note that if a selection is not made, the default will be the date of the Agreement. If a specified date is used and the date of commencement is to be given in a notice to proceed, these dates must be carefully coordinated to allow sufficient time for completion of the Work. Liquidated Damages. The intent of this section is to facilitate settlement by requiring that any excess policies allow for functional exhaustion. A representative will respond in a timely manner. A notice to proceed is a legal document that serves as a go signal for a specified project or any contractual obligation to commence. Contractor. Indicate the applicable coverage limits for the Contractor’s employer’s liability coverage. § 2.3 The time within which Substantial Completion of the Work is to be achieved may be expressed as a number of calendar days or as a specified date. A105-2017 replaces AIA Document A105-2007, Standard Form of Agreement Between Owner and Contractor for a Residential or Small Commercial Project. Your request has been sent to the appropriate AIA Contract Modifications. List Contract Documents, including Drawings and Specifications by title, number, and date, as well as addenda or Supplementary Conditions, if any. This document is a copyrighted work and may not be reproduced or excerpted from without the express written permission of the AIA. Where appropriate, a copy of the resolution authorizing the individual to act on behalf of the firm or entity should be attached. § 3.1 Insert a fixed figure as the Contract Sum. Notice to Proceed . § 3.3 Insert Unit Price(s) and quantity limitations, if any. Parties to this Agreement should be identified using the full address and legal name under which the Agreement is to be executed, including a designation of the legal status of both parties (sole proprietorship, partnership, joint venture, unincorporated association, limited partnership or corporation [general, closed or professional], etc.). § 5.1.2 Indicate the applicable coverage limits for the Contractor’s automobile liability coverage. Particularly with respect to professional or contractor licensing laws, building codes, taxes, monetary and interest charges, arbitration, indemnification, format and font size, AIA Contract Documents may require modification to comply with state or local laws. In accordance with Article 2, Paragraph 2.2 of AIA Document A107, signed and dated July … Document A201