Owner Group Is Next To Draft Alternative Standard Agreement
An association of construction owner executives, who represent Dupont Co., Intel Corp., Home Depot and other major corporations, will soon publish a standard form of agreement for owners and general contractors that it says remedies inequities in documents published by the American Institute of Architects.
The document, now in final draft, was written by attorneys who belong to the Associated Owners and Developers, Atlanta. Ira Genberg, the attorney who headed the project, says AOD's draft document combines in a single form the same provisions covered by AIA's standard form for contractors and owners and its standard form for general conditions. To emphasize the flexibility in its approach, AOD incorporates different options into one document.