A107--2007- Standard Form of Agreement Between Owner and Contractor for a Project of Limited Scope

A107–2007(formerly A107–1997) Standard Form of Agreement Between Owner and Contractor for a Project of Limited Scope--A107–2007 is a stand-alone agreement with its own internal general conditions and is intended for use on construction projects of limited scope. It is intended for use on medium-to-large sized projects where payment is based on either a stipulated sum or the cost of the work plus a fee, with or without a guaranteed maximum price. Parties using A107–2007 will also use A107, Exhibit A, if using a cost-plus payment method. B104–2007, Standard Form of Agreement Between Owner and Architect for a Project of Limited Scope, coordinates with A107–2007 and incorporates it by reference. --For more complex projects, parties should consider using one of the following other owner-contractor agreements: AIA Documents A101–2007, A102–2007 or A103–2007. These agreements are written for a stipulated sum, cost of the work with a guaranteed maximum price, and cost of the work without a guaranteed maximum price, respectively. Each of them incorporates by reference A201–2007, General Conditions of the Contract for Construction. For single family residential projects, or smaller and less complex commercial projects, parties may wish to consider A105–2007, Agreement Between Owner and Contractor for a Residential or Small Commercial Project.
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