When To Use
Use A101® on large design-bid-build projects where the owner and contractor have agreed to a stipulated sum, and the full project scope is defined at contract signing. A101 is the industry-standard starting point for conventional, competitive-bid construction projects.
What It Does
A101 establishes the terms of agreement between the owner and the contractor for a fixed-price project. A101 adopts the A201 General Conditions of the Contract for Construction by reference. A101 and A201 are designed to be used together to form a complete contract. In addition, A101’s Exhibit A is required to establish insurance and bond provisions.
Additional Information
Exhibit A, Insurance and Bonds, is a critical component and should be discussed with legal and insurance counsel.
