A104-2017: Standard Abbreviated Form of Agreement Between Owner and Contractor

Mar 24, 2019

Introduction

Welcome to Marjorie Cowley, your trusted source for the A104-2017: Standard Abbreviated Form of Agreement between Owner and Contractor. As a leader in the Arts & Entertainment - Books and Literature category, we pride ourselves on providing valuable resources to our clients in the construction industry.

What is A104-2017?

The A104-2017 is a standardized agreement form developed by the American Institute of Architects (AIA). It serves as a contract between the project owner and the contractor, outlining their responsibilities, rights, and obligations throughout the construction process. This agreement is specifically designed for smaller construction projects that involve a single contractor.

Why Choose A104-2017?

Choosing the A104-2017 form brings numerous benefits to both owners and contractors. The agreement offers a clear and concise framework for managing the construction project, reducing the potential for disputes and misunderstandings. It helps establish a solid foundation for a smooth collaboration between all parties involved.

Key Features of A104-2017

The A104-2017 agreement covers various important aspects of the construction project, including:

  • Scope of work: Clearly defines the work to be performed by the contractor.
  • Contract sum: States the agreed-upon amount that the owner will pay the contractor for the completed work.
  • Contract time: Specifies the time period for the completion of the project.
  • Payment terms: Outlines the payment schedule and terms for the project.
  • Termination: Outlines the conditions under which either party can terminate the agreement.
  • Insurance and bonds: Addresses the insurance and bond requirements for the project.

How A104-2017 Benefits the Owner

For project owners, the A104-2017 agreement offers several advantages:

  • Clear expectations: The agreement clearly defines the scope of work, ensuring that the owner's requirements are met.
  • Cost control: The agreement includes provisions for the contract sum, helping the owner manage and control project costs.
  • Legal protection: A properly executed agreement protects the owner's rights and interests, minimizing potential legal issues.

How A104-2017 Benefits the Contractor

Contractors can also benefit greatly from utilizing the A104-2017 agreement:

  • Clarity and organization: The agreement provides a clear framework for the work, reducing the risk of misunderstandings or omissions.
  • Payment assurance: With clearly defined payment terms and schedules, contractors can feel confident in receiving timely compensation.
  • Streamlined communication: A well-structured agreement facilitates effective communication between the contractor and the owner throughout the project.

Conclusion

The A104-2017: Standard Abbreviated Form of Agreement between Owner and Contractor is an essential tool for construction projects. By choosing this agreement form, project owners and contractors can establish a solid foundation for their collaboration, ensuring clear expectations and effective communication. At Marjorie Cowley, we offer this valuable resource to empower individuals and businesses in the construction industry. Explore our website to learn more about the A104-2017 and other industry-leading products we provide.

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