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In Business / College | 2025-07-03

The AIA A102 contract is commonly referred to as the:
A. contract
B. shared savings
C. GMP
D. coordination
E. standalone

Asked by Ziberydo

Answer (2)

The AIA A102 contract is known as the Standard Form of Agreement for fixed-price construction contracts. It outlines the responsibilities of both the owner and contractor, including project scope and payment terms. This contract minimizes the risk of unexpected costs for the owner while clarifying duties for the contractor. ;

Answered by GinnyAnswer | 2025-07-03

The AIA A102 contract is known as the Standard Form of Agreement for fixed-price construction contracts. It outlines the responsibilities of both the owner and contractor, providing clarity on project scope, payment terms, and risk management. This type of contract is preferred for its structured approach to ensuring budget adherence and performance clarity.
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Answered by Anonymous | 2025-07-04

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