§ 7.1.3 Insert the time schedule for presenting Applications for Payment, and indicate due dates for making progress payments. This new section provides the process for termination if the parties do not agree on a Guaranteed Maximum Price, and how the Construction Manager will be compensated in that situation. This section is divided into provisions for insurance and bond requirements for the Preconstruction Phase, and for the Construction Phase. There is no implied permission to reproduce this document, nor does membership in The American Institute of Architects confer any further rights to reproduce this document. Upon the owner’s acceptance of the proposal by execution of an amendment, the construction manager becomes contractually bound to provide labor and materials for the project and to complete construction at or below the guaranteed maximum price. A more prescriptive provision on retainage has been included that will allow the parties to clearly delineate the retainage amount, exclusions from retainage, and how retainage may be reduced at Substantial Completion. Contact information for each state’s insurance commissioner can be obtained from the National Association of Insurance Commissioners. The document divides the construction manager’s services into two phases: the preconstruction phase and the construction phase, portions of which may proceed concurrently in order to fast track the process. Document A133™ – 2009 Standard Form of Agreement Between Owner and Construction Manager as Constructor where the basis of payment is the Cost of the Work Plus a Fee with a Guaranteed Maximum Price Init. The last day upon which Work may be included in an Application should normally be no less than 14 days prior to the payment date, in consideration of the 7 days required for the Architect’s evaluation of an Application and issuance of a Certificate for Payment and the time subsequently accorded the Owner to make Payment in Article 9 of A201. For specifics about the use of E234–2019, please see the instructions accompanying the document. The Sustainable Objective is the Owner’s goal of incorporating Sustainable Measures into the design, construction, maintenance and operations of the Project to achieve a Sustainability Certification or other benefit to the environment, to enhance the health and well-being of building occupants, or to improve energy efficiency. AIA Document A133–2019 is coordinated for use with AIA Documents A201®–2017, General Conditions of the Contract for Construction, and B133™–2019, Standard Form of Agreement Between Owner and Architect, Construction Manager as Constructor Edition. 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, limited liability, closed or professional], etc.). The parties are free to define liquidated damages in this section as they may mutually agree; however, consultation with legal counsel is encouraged. The construction manager provides the owner with a guaranteed maximum price proposal, which the owner may accept, reject, or negotiate. § 7.1.2 Insert the time period covered by each Application for Payment if it differs from the one given. The AIA endorses the practice of reducing retainage as rapidly as possible, consistent with the continued protection of all affected parties. Changes discussed below are limited to those sections where changes will affect the category of cost allowable under the provision. However, if the parties elect not to use AIA Document E203-2013, notice in electronic format may be given as specified by the parties in the fill point. Title: for the following PROJECT: Author: The American Institute of Architects Subject: AIA Contract Documents Created Date: 10/31/2014 3:16:49 PM This section previously was numbered section 6.10 in A133-2009. If there will be a limitation placed on Subcontractors’ overhead and profit, enter the amount or explain how the limitation will be calculated. (A maximum cost may be established.). Sustainable design and construction continues to rapidly evolve as owners are increasingly interested in incorporating sustainable features into projects. A133–2009 is not intended for use in … (The amount of time should be not less than ten days, as provided in Article 9 of A201, to allow sufficient time to process the payment applications.). If the Owner identifies a Sustainable Objective, the parties will incorporate AIA Document E234™–2019, Sustainable Projects Exhibit, Construction Manager as Constructor Edition, into the Agreement to establish a process for creating a Sustainability Plan that will clearly define the parties’ responsibilities in terms of pursuing the Sustainable Objective. Fill points are provided for specification of the types and limits of insurance to be provided by the Construction Manager in the Preconstruction Phase. A table has been added to list the hourly billing rates for the Preconstruction Phase services of the Construction Manager and the Construction Manager’s Consultants and Subcontractors. § 7.2.1 Insert the date by which Owner shall make final payment, if it differs from the one stated. This new provision states that, after execution of the Guaranteed Maximum Price Amendment, the parties will provide insurance and bonds as required in the insurance and bonds exhibit, AIA Document A133–2019 Exhibit B. § 11.1.5 This section was revised to clarify the allocation of the Guaranteed Maximum Price in the schedule of values includes the various portions of the Work, any contingency for costs that are included in the Guaranteed Maximum Price but not otherwise allocated to another line item or included in a Change Order; and the Construction Manager’s Fee. A fill-point titled “other” has been added in which the parties may list a bonus provision or other provision that will allow for adjustment of the Contract Sum. This replaces Article 8 of A133–2009 with AIA Document A133–2019 Exhibit B. § A.1.1.5 State any assumptions on which the Guaranteed Maximum Price is based. Upon the Owner’s acceptance of the proposal by execution of the Guaranteed Maximum Price Amendment (Exhibit A), the Construction Manager becomes contractually bound to provide labor and materials for the Project and to complete construction at or below the guaranteed maximum price The Construction Manager’s services under this document are divided into two phases: the Preconstruction Phase and the Construction Phase, portions of which may proceed concurrently.
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