Part 6: Miscellaneous Additional Changes to A201. As final article of the series, Part 6 covers certain miscellaneous, but nonetheless, important changes in the A201 document which did not fit in the categories covered in Parts 1-5. Contractor’s Construction Schedule. The revised Section 3.10.1 significantly expands upon the Contractor’s duty to provide scheduling information at…
Read MorePart 5: Revisions to the B101 Owner/Architect Agreement. The changes in B101 dovetail with other newly-modified documents, such as the A201 General Conditions, and this article should be read in conjunction with Parts 1-4 of the series. Architect Compensation. Numerous changes have been made in the various sections of the Agreement dealing with the Architect’s…
Read MorePart 4: A201 and Related Documents: Insurance and Bonding Provisions. The Lay of the Land. The most significant changes brought about by the 2017 modifications are those related to the insurance and bonding. The modifications are sweeping, both in form and in substance. From a form standpoint, the documents look very different. In prior versions,…
Read MorePart 3: Owner/Contractor Relationship Revisions to A201 General Conditions Document This article is the third in a series that explores the 2017 modifications to the AIA’s most commonly used construction contracting documents, including the A101, B101 and A201 documents. The purpose of the series is to explain some of the more significant changes in order…
Read MorePart 2: Notice Requirements Under the Revised A201 General Conditions Document. This article is the second in a series which addresses the 2017 modifications to the AIA’s most commonly-used construction contract documents. Discussed herein are changes to the various notice requirements under the A201 General Conditions Document. While notice requirements are sometimes perceived as trite,…
Read MoreRecently, the AIA issued its once-every-ten-year revisions to some of the most commonly used documents in construction contracting, including the A101, B101 and A201 documents. The revisions are significant, and will impact all players in the industry, including owners, contractors and architects. Many revisions constitute notable improvements to these time-tested contract documents. Others pose threats…
Read MoreRecently, the American Institute of Architects (AIA) issued its once-every-ten-year revisions to some of the most commonly used documents in construction contracting, including the A101, B101 and A201 documents. The revisions are significant, and will impact all players in the industry, including owners, contractors and architects. Many revisions constitute notable improvements to these time-tested contract…
Read MoreRegulation A+ went into effect in 2015. Although Regulation A+ has been around for a couple of years, its use is just beginning to become more mainstream. Since Regulation A+ was promulgated, the SEC has qualified 81 Regulation A+ offerings seeking to raise approximately $1.5 billion. As developers and investors gain more awareness of, and…
Read MoreBy: Michael Van Someren & Julie A. Seno Mortgage interest rates increased through 2016 and are expected to increase periodically throughout the coming year. Because higher interest rates can make traditional financing for a commercial real estate project more expensive, other financing options should be considered to stabilize or reduce the cost of capital necessary…
Read MoreAttracting capital remains challenging for most investors due to regulatory burdens, higher capital costs, and the high risk, high return nature of venture capital. Often, capital projects won’t get off the ground unless projected returns are above market rates. This “mini-IPO” or “on-ramp to IPO” allows investors to raise up to $50 million in a…
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