AIA Document A105™–2017 is a stand-alone agreement with its own general conditions. However, when the Contractor’s compensation is based on Cost of the Work, if selected in this Agreement, the amount expended by the Contractor as a “Cost of the Work” has a direct economic consequence to the Owner. Earlier version, A105-2007, also available. AIA Document A105–2017 is for use on a project that is modest in size and brief in duration, and where payment to the contractor is based on a stipulated sum (fixed price). § 9.1.8 This section has been included to allow the parties to incorporate certain optional documents as Contract Documents by checking the appropriate box. The term "small project practitioners" includes small firms, sole practitioners, and custom residential architects. Failure to use AIA Document A132–2019 Exhibit A could result in the parties having little or no insurance coverage to respond to a loss or third-party claim related to the Project. AIA Document A105–2017 is for use on a project that is modest in size and brief in duration, and where payment to … Because liquidated damages are a function of the Contractor’s failure to substantially complete the Work of this Contract within the Contract Time, this section has been added to cross-reference the fill point for liquidated damages in Article 4 (relating to adjustments in the Contract Sum). This can be used when portions of the Work will be completed and occupied by the Owner prior to Substantial Completion of the entire Work. A fill-point has been included for the parties to specify a liquidated damages provision or amount to be assessed in accordance with Section 3.4. Although A105 and B105 share some similarities with other agreements, the Small Projects family should NOT be used in tandem with agreements in other document families without careful side-by-side comparison of contents. This is because the agreement establishes a foundation for the contractual relationship between the owner and architect … Note that AIA Documents E235™–2019, Sustainable Projects Exhibit, Construction Manager as Adviser Edition, and any applicable Sustainability Plan may be incorporated as a Contract Document. One example of a Cost Plus Fixed Fee with Guaranteed Maximum Price Contract is AIA Contract Document A102-2017, Standard Form of Agreement Between Owner and Contractor where the basis of payment is the Cost of the Work Plus a Fee with a Guaranteed Maximum Price. § 5.1.6.2.2 Language has been included to clarify that the allocation of costs in the schedule of values does not create separate guaranteed maximum prices for individual line items on the schedule of values. A101-2017 Owner-Contractor Standard Agreement, A201-2017 General Conditions of the Contract for Construction, A401-2017 Contractor-Subcontractor Agreement, G702-1992 Application and Certificate for Payment (50 Pack), AIA Store § 7.2.1.3 A fill-point has been added as described for section 7.1.1.1 above. § 3.4.3 Because liquidated damages are a function of the Contractor’s failure to substantially complete the Work of this Contract within the Contract Time, this section has been added to cross-reference the fill point for liquidated damages in Article 4 (relating to adjustments in the Contract Sum). A more prescriptive provision on retainage has been included that will allow the parties to clearly delineate the retainage amount, exclusions from retainage, and how retainage may be reduced when the Work of this Contract is substantially complete. A132–2019 may be used on construction management projects where the basis of payment is a stipulated sum (fixed price) or cost of the work plus a fee, with or without a guaranteed maximum price.