If you are undertaking a commercial construction project, your general contractor or architect may indicate that an AIA Contract will be used. But you may not know what this means for your project. So, what is an AIA Contract?
What is an AIA Contract?
AIA Contracts are standard forms of agreements for the design and construction industry produced by The American Institute of Architects. These forms are widely recognized as industry standard legal forms and agreements that define the relationships and terms involved in design and construction projects.
The AIA’s mission is to strive for the industry’s fairest and most balanced legal documents. An AIA contract provides clarity between parties involved in a transaction by setting out the terms and conditions for a specific construction project. This document outlines the responsibilities of both parties, ensuring that each understands their respective duties, obligations, and liabilities.
Why Should You Use an AIA Contract?
As lawyers, we recommend that clients use AIA Contracts for commercial construction as they cover the issues that should be addressed as risks for the parties in a reasonable and thorough manner. Negotiated changes may be made to the contracts to address particular issues in your project.
It’s important to note that while most AIA contracts are written as “one-size-fits-all” documents, they should be customized to meet the individual needs of each particular project or transaction.
How to Get Started with an AIA Contract?
When reviewing an AIA contract, you should consult with a knowledgeable attorney before signing or agreeing to any contractual terms. An experienced attorney can provide valuable insight into how the language of the agreement works for you or your company’s specific goals and interests.
If you are considering entering into a contractual relationship, make sure you hire an experienced attorney who specializes in real estate and construction law so that your rights are protected throughout the process.
Attorney Fern Goldman is experienced with reviewing and negotiating AIA contracts and can guide you through each step of the transaction, including negotiation, drafting, review, and execution of an AIA agreement so that no surprises arise later down the road.