Steven Nudelman, a partner in the firm’s Litigation Department, will be on the faculty for the live webinar “Recent Modifications to the AIA Construction Contracts Documents: What You Need to Know,” to be presented by The Knowledge Group on Monday, April 8, 2019 from 12:00pm – 1:30pm (ET).
In April 2017, the American Institute of Architects (AIA) released its much-anticipated modifications to contracts documents, updating existing conditions and standards in the construction industry. One notable update is the conjunction of the Insurance and Bonds Exhibit to Article 11, resulting in more understandable insurance coverage requirements and easier contract negotiations.
Mr. Nudelman and his fellow panelists will provide an in-depth discussion of the latest revisions in the AIA construction contracts documents, analyzing its implications and providing best practices to prevent risks and pitfalls.
Mr. Nudelman’s segment will cover the following:
- Modifications to the AIA Document A101-2017 Standard Form of Agreement Between Owner and Contractor (where the basis of payment is a Stipulated Sum) and AIA 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)
- Contract Time
- Electronic Notice / BIM
- Modifications to the AIA Document A201-2017 General Conditions of the Contract for Construction
- Owner’s Financial Information
- Communications with Owner
- Progress Payments & Lien Waivers
- Termination Fees
- Overview of New Insurance and Bonds Exhibits (AIA Document A101-2017 Exhibit A and AIA Document A102-2017 Exhibit A)
Mr. Nudelman concentrates his practice in construction law and the representation of members of the construction industry across a broad spectrum of matters. His clients include owners, contractors, design professionals, subcontractors and suppliers involved in public and private construction projects throughout New Jersey. He also represents community associations, unit owners and developers in lawsuits involving construction defects, budgeting and financing issues, and condominium governance.
Additional program details and registration at: Recent Modifications to the AIA Construction Contracts Documents: What You Need to Know