The American Institute of Architects (AIA) contracts, the most commonly used set of construction contract forms on commercial projects in the United States, recently released the second part of its once-in-a-decade updates to the 2017 versions of its primary forms.
A Client Alert was issued summarizing the changes, which are described at length in a recent Client Alert written by Jim Doerfler of Reed Smith's Energy and Natural Resources Group and Allison Wickizer Toepp of our Complex Litigation Group.
Full details on the changes to the forms used throughout the US real estate industry can be found here.
This article is presented for informational purposes only and is not intended to constitute legal advice.