AIA Document A313™-2020 is an assurance by the Contractor and the Contractor’s Surety that the Contractor’s warranty obligations will be performed and completed in accordance with the terms of the Construction Contract. The Warranty Bond specifically does not extend to warranties provided by the Contractor’s suppliers and manufacturers.
The parties should note that Section 2 of the Warranty Bond sets forth the extent of the Bond’s coverage, which is equal to the Contractor’s warranty obligations set forth in the Construction Contract. The parties should carefully review the Contractor’s warranty obligations in the Construction Contract prior to executing the Bond. If the Contractor’s warranty obligations in the Construction Contract are non-standard or overly broad, the surety may find it difficult to underwrite the warranty.
Normally, these bond forms are prepared for execution by the Surety or the Surety’s agent.
When to use this document?
- It can be used on most projects where a contractor has contractual warranty obligations, and in conjunction with Payment and Performance Bonds.
