article thumbnail

7 Things Contractors Need to Know About Retainage

Fieldwire

Retainage is up for negotiation Retainage is not set in stone. It is governed by the contract, which means it’s part of the agreement between two parties. Every contract is negotiable, including what percentage is retained and for how long. It’s up to the contracting parties to agree on the terms that work for both of them.

article thumbnail

Construction Contracts Online: ConsensusDOCS and AIA Go Head-to-Head

Best Practices Construction Law

ENR journalist Johanna Knapschaefer wrote a good piece about " ConsensusDOCS Contract Library Takes to the Cloud, " where she described the real-time collaboration needed for contract negotiations. B132–2009, Standard Form of Agreement Between Owner and Architect, Construction Manager as Adviser Edition.

AIA 48
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Arbitration is Why There is So Little Litigation in Green Building

Green Building Law Update

With over a million contract documents licensed on an annual basis, the AIA’s form construction documents are the most widely used contract documents in the industry. LEED Certification Agreement has a mandatory arbitration provision. Even the Green Business Certification Inc. And always consult your attorney before signing.

Green 120
article thumbnail

Arbitration including Religious Arbitration in Green Building Contracts

Green Building Law Update

With over a million contract documents licensed on an annual basis, the AIA’s form construction documents are likely the most widely used contract documents in the industry. Certification Agreement has a mandatory arbitration provision. Even the LEED Green Building Certification Inc. And always consult your attorney before signing.

Green 120
article thumbnail

Illinois Appellate Court holds that Express Indemnity Claim Subject to 10-year Statute of Limitations

Construction Lawyer

The AIA provision in the owner-architect agreement (there was a similar provision in the owner-contractor agreement) read: 8.3 Note that the 2007 version of AIA documents substantially altered the accrual provisions formerly in the standard contracts to the detriment of contractors and architects. contracts litigation'

Claims 40
article thumbnail

#98:  Good Faith Limits on Termination for Convenience

NH Construction Law

This clause was in the parties’ agreement: TERMINATION FOR CONVENIENCE: The General Contractor may terminate the Contract for convenience upon three (3) days prior written notice. The painting sub signed a contract to paint a multi-apartment housing project being constructed in Somersworth for a price of $500,000.

article thumbnail

Federal Court dismisses sub's claim against GC because of arbitration

Construction Lawyer

He is a member various professional organizations, has been an officer and director of the Chicago Chapter AIA, President of the Chicago Chapter, Construction Specifications Institute, and writes a regular construction law column for The Construction Specifier. He is a Fellow of the AIA as well as the Association of Licensed Architects.

Claims 40