WebApr 7, 2024 · As an example, the form AIA 312-2010 performance bond requires the obligee to do at least the following before the surety's obligations under the bond arise: (1) declare the contractor in default, terminate the contract, and notify the surety that such actions have been taken; and (2) to agree to pay the balance of the contract price in ... WebWhat it is. AIA Document A312™–2010 incorporates two bonds—one covering the contractor’s performance, and the other covering the contractor’s obligations to pay …
Never accept an AIA A312 performance bond from a subcontractor
WebThis document was produced by AIA s oftware at 11:43:03 on 10/09/2012 under Order No.5820952305_1 which expires on 04/13/2013, and is not for resale. User Notes: (1718896249) WebAIA Document G612™-2024 is a questionnaire, drafted to elicit information from the owner regarding the nature of the construction contract. G701–2024, Change Order. AIA … section 83 of mhsa
Bond Form Commentary and Comparison - AIA Professional
WebAIA Document A312™–2010 incorporates two bonds—one covering the contractor’s performance, and the other covering the contractor’s obligations to pay subcontractors and others for material and labor. In addition, AIA Document A312–2010 obligates the surety to act responsively to the owner’s requests for discussions aimed at ... WebFeb 24, 2011 · In 1984, the American Institute of Architects published its A312 Payment and Performance Bond forms. Prompted by several court decisions, the AIA recently revised the 1984 bond forms and now has issued a 2010 edition of the A312 forms with several significant changes. A. Payment Bond Changes (1984 and 2010 bond forms are … WebAIA Document A312™–2010 and Kentucky Department of Education Version of AIA Document A312™–2010. The American Institute of Architects. 4 § 16.3 Bond shall comply with all statutory requirements of the Commonwealth of Kentucky including the Kentucky Unemployment Insurance Law. pure west oil and gas