May 21, 2008—The American Institute of Architects (AIA) introduced two sets of documents May 15 at the AIA 2008 National Convention and Design Exposition.
The first, a set of three agreements, is a transitional approach to integrated project delivery and features an owner-architect agreement form, a separate owner-contractor agreement form, and a general conditions document that defines the responsibilities of each participant, with a guaranteed maximum price amendment.
The second, more novel agreement is the C1952008, Standard Form Single Purpose Entity Agreement for Integrated Project Delivery, which creates a limited liability company among the owner, architect, construction manager, and possibly other parties, according to the specifics of a particular project.
For more information, see the Web site.
