The documents produced by The American Institute of Architects (AIA) are the most widely used standard form contracts in the construction industry, according to the AIA of Louisiana. These contracts facilitate communications among all the parties involved in construction, which makes it easier to produce a high quality project in a timely and economical fashion.
Not only is it convenient to use the contracts and documents already provided by the AIA, but they are also fair, reflect industry practices, reflect changing construction practices, are flexible, and, perhaps most importantly, are easy to understand.
While the benefits of AIA contracts are numerous, it can be problematic for those in the construction industry when the insurance requirements in the contracts change. In this blog post, we’ll examine a new requirement that is key to consider when using AIA contracts for construction work.
Changes To A201 General Conditions of the Contract for Construction