A101
Standard Form of Agreement Between Owner and Contractor
If a date of commencement of the Work is not selected, then the date of commencement shall be...
the date of the Agreement (contract)
Can the contractor be liable for liquidated damages?
Yes 3.3.3 of A101
On what day shall the application for payment be submitted for the period covered
The last day of the month or otherwise stated
Each application of payment shall be based on ....
The most recent schedule of values submitted by the contractor in accordance with the contract documents.
Schedule of values
allocated the entire contract sum among the various portions of the Work. Shall be prepared in such form, and supported by such data to substantiate its accuracy, as the Architect may require.
Application for payment shall show ...
Percentage of completion of each portion of the work as of the end of the period covered by the application for payment
The amount of each progress payment shall be computed as follows:
A. The amount of each progress payment shall first include
1. Portion of work completed
2. Portion of materials and equipment delivered and stored
3. Construction Change Directives that Architect determines to be reasonably justified
B. The amount of each
Can the contractor make advance payments to supplier for materials or equipment which have not been delivered and stored at the site?
Only with the owner's prior approval
The Final payment, constituting the entire unpaid balance of the contract sum, shall be made by the Owner to the Contractor when
1. the Contractor has fully performed the Contract
2. a final Certificate for Payment has been issued by the Architect
How long after the Owner receives the final Certificate of Payment does he or she have to pay it
30 days
What happens when payment is not received
interest is added starting of the date payment is due
Process for dispute resolution
1. Initial Decision Maker
2. Arbitration, Litigation or Mediation
3. If no agreement at Mediation it goes to Litigation
What happens to the contractor if the owner terminates the contract for convenience?
The Owner shall pay the contractor a termination fee as stated in A101
How does one change a Owner or Contractor's representative
Give 10 day notice to other party