What is A101 Form?
A101 is a standard form of agreement that establishes relationships between the owner and the contractor. This form is an AIA binding document, which is the product of a consensus-building process. the sole aim of this document is to balance the interests of all parties during and after the implementation of any construction project. The documents usually reflect the actual industry practices, not including any theoretical issues.
What is the Purpose of A101Form?
The main purpose of the AIA document is to show the pre existing construct projects with the basis of payment like a stipulated sum or a fixed price.A101 Standard Form of Agreement Between Owner and Contractor is used and suited for any kind of business arrangement between the Owner and the Contractor, in which the cost of any transaction has been set in advance by bidding or by negotiat
When is A101 Form Due?
There is no specific due date to fill out, sign and file this form. Nevertheless, this form is ought to be filled and verified before the owner and the construction contractor may start their common project.
Is A101 Form Accompanied by Other Documents?
A101 Standard Form of Agreement Between Owner and Contractor related documents has to be prepared in advance to be used in conjunction with AIA Document A201 and General Conditions of the Contract for Construction. Usually these documents are adopted into A101 form by a specific reference and has an integrated set of documents, that are on average considered suitable for most projects. However, for several types of projects with a limited scope, originally are meant to be used by AIA Document A107.The A101 document is used as one part of the Contract Documents that memorialize the Contract for Construction between the Owner and the Contractor. The other Contract Documents may include general conditions, supplement conditions, drawings, specifications and modifications.