AIA A101®–2017 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, AIA Document A201®–2017, General Conditions of the Contract for Construction. In addition, A101 is drafted to be used in conjunction with the A101–2017, Exhibit A, Insurance and Bonds. This insurance and bonds exhibit is a critical part of the owner/contractor agreement and should be discussed with legal and insurance counsel. A101 is suitable for large or complex projects.
For projects of a more limited scope, use of AIA Document A104™-2017, Agreement Between Owner and Contractor for a Project of Limited Scope, should be considered. For even smaller projects, consider AIA A105™–2017, Standard Short Form of Agreement Between Owner and Contractor.
When to use this document?
- Large project
- Stipulated sum (fixed price) payment
- Used in conjunction with A201™-2017, General Conditions
