A103-2017 Owner-Contractor Standard Agreement Cost Plus Without GMP *REVISED*
A103- 2017 Standard Form of Agreement Between Owner and Contractor where the basis of payment is the Cost of the Work Plus a Fee without a Guaranteed Maximum Price
AIA Document A103™–2017 is appropriate for use on large projects when the basis of payment to the contractor is the cost of the work plus a fee, and the cost is not fully known at the commencement of construction. A103-2017 is not intended for use in competitive bidding. A103–2017 adopts by reference and is intended for use with AIA Document A201®–2017, General Conditions of the Contract for Construction. In addition, A103 is drafted to be used in conjunction with the A103™–2017, Exhibit A, Insurance and Bonds. This insurance and bonds exhibit is a critical part of the owner/contractor agreement and should be discussed with legal and insurance counsel.
When to use
- Large project
- Cost-Plus without Guaranteed Maximum Price (GMP)
- Used in conjunction with A201, General Conditions
We Also Recommend