This document was produced by AIA software at 15:25:48 on 01/10/2013 under Order No.6871475021_1 which expires on 12/27/2013, and is not for resale. User Notes: (1382705251) ... Access Content
Beware Of The AIA Form Of Performance Bond - Law.com
We say “theoretically” because the performance bond portion of the A312 is so full of conditions and traps for the unwary owner that it may be of little value. Beware of the AIA Form of ... View Doc
Procedural Differences For Claims On Standard Form ...
The procedures for an owner to declare default on a performance bond differ across these standard forms. The AIA provides two distinct performance bond forms: AIA A312 (2010 and 1984 eds.) and the earlier AIA A311 (1970). A312 is the most widely-used traditional performance bond in private construction. ... Access Document
THE AMERICAN INSTITUTE OF ARCHITECTS - Performance Bond
The Company executing this bond vouches that this document conforms to American Institute of Architects Document A312, 2010 edition 2 furnished for use in the performance of the Construction Contract, then the Surety and the Contractor shall have no obligation under this Bond. ... Return Doc
The AIA Performance Bond Form Is Not Perfect - Here Are A ...
Below is a really nice article that goes over one of the standard AIA forms for a performance bond. Most sureties utilize the AIA forms and they are readily accepted in the industry. That said, they are not perfect and may not suit every single requirement (instead, they are created to fit MOST situations). ... Read Here
Never Accept An AIA A312 Performance Bond From A ...
By Bill Blancato, special to North Carolina Construction News. There is an old adage: “Never say never.” This is usually good advice, but when an owner bonds a general contractor or a general contractor bonds a subcontractor you need to ignore the adage and NEVER accept an AIA A312 performance bond from the general contractor or subcontractor. ... Doc Retrieval
Sign In - Aiacontracts.org
Sorry we could not verify that email address. Enter your email below and we'll send you another email. {* #resendVerificationForm *} {* signInEmailAddress *} ... View Document
What Is A Payment Bond | Payment Bonds And Performance Bonds ...
A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. ... View Video
Kentucky Department of Education Version of Document A312™ – 2010 Performance Bond Init. / AIA Document A312™–2010 and Kentucky Department of Education Version of AIA Document A312™–2010.The American Institute of Architects. ... Get Content Here
FAQ - AIA Bond Forms
AIA Document A312™–2010, Performance Bond and Payment Bond, is one form that incorporates two bonds: a performance bond covering the contractor’s performance, and a payment bond covering the contractor’s obligations to pay subcontractors and others for material and labor. ... Get Content Here
AIA Forms - A312-2010 Performance Bond And Payment Bond
AIA Forms - A312™ Performance Bond and Payment Bond. The AIA A312™-2010 Performance Bond and Payment Bond incorporates two bonds - one that covers the contractor's performance, and another that covers the contractor's requirement to pay subcontractors and others (such as material suppliers) for material and labor. ... Read Document
The Newly Released AIA A312-2010 Performance And Payment Bond ...
The Newly Released AIA A312-2010 Performance and Payment Bond Forms Green Building contractors and subcontractors should be aware that The American Institute of Architects recently released updated versions of its widely used A312 Performance and Payment Bonds and A310 Bid Bond. ... Read Here
Home - AIA Bond Forms - Nasbp.org
As a service and convenience to NASBP members, affiliates, and associates, NASBP is providing the following information about the new, revised American Institute of Architects (AIA) Bond forms, AIA A312 Performance Bond and Payment Bond and the AIA A310 Bid Bond. ... Read More
A312 Performance Bond And Payment Bond (Replaces A311) - AIA ...
In addition, AIA Document A312–2010 obligates the surety to act responsively to the owner’s requests for discussions aimed at anticipating or preventing a contractor’s default. When to use. Contains two bonds; Performance Bond document to ensure the contractor's performance ... Get Content Here
Init. / AIA Document A312™ – 2010. The American Institute of Architects. 2 § 1 The Contractor and Surety, jointly and severally, bind themselves, their heirs, executors, administrators, successors and assigns to the Owner for the performance of the Construction Contract, which is incorporated herein by reference. ... Access Content
Damages caused by delayed performance or non-performance of the Contractor. § 8 If the Surety elects to act under Section 5.1, 5.3 or 5.4, the Surety’s liability is limited to the amount of this Bond. ... Read Document
AIA DOCUMENT A312 PDF - Br0.me
Performance Bond. THIS DOCUMENT HAS IMPORTANT LEGAL CONSEQUENCES. Unauthorized reproduction or distribution of this AIA® Document, or any portion of it, may AIA Document A TN – Payment Bond. The form of the bond affects whether the payment is prompt and hassle free or not. Unfortunately, the A performance bond is designed to. ... Fetch Content
Whiteford Taylor Preston, LLP | The Newly Released AIA A312 ...
The Newly Released AIA A312-2010 Performance and Payment Bond Forms Date: June 4, 2010 Green Building contractors and subcontractors should be aware that The American Institute of Architects recently released updated versions of its widely used A312 Performance and Payment Bonds and A310 Bid Bond. ... Fetch Content
Product - Fields - Documentsondemand.aia.org
Product Name: A312™–2010 Performance Bond and Payment Bond. Important Message: The required information you provide will permanently be included in the final document. Please ensure the information is correct and presentable as you will not be able to edit the information after you select ... Get Document
Understanding AIA Document A312 Bond Forms - Lorman.com
Understand the process required to make and maintain a proper claim against the A312 Performance Bond. Many actors on a construction project, architects, owner representatives and their attorneys often do not understand how to properly terminate a contractor from a project and then allow the surety to perform the required investigation so as to properly maintain their rights against the surety ... Document Retrieval
Performance Bond Init. / AIA Document A312™ – 2010. The American Institute of Architects. This document was created on under the terms of AIA Documents-on-Demand™ order no. , and is not for resale. This document is licensed by The American Institute of Architects for ... Read More
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