The American Institute of Architects (AIA) has released updated Contractor’s Qualification Statement and Warranty Bond documents.
Used to inquire about a contractor’s qualifications, the updated warranty statement now includes more capabilities such as safety protocols and plans, sustainability, and BIM experience. It can now be assembled modularly so that contractors can provide general information about their company, sensitive financial and performance information, and information that pertains to a specific project.
“The new bond is a useful tool to owners and contractors who wish to navigate the post-completion warranty obligation process more successfully, particularly on complex projects,” according to AIA. AIA worked with the National Association of Surety Bond Producers (NASBP) and the Surety & Fidelity Association of America (SFAA) to develop the new warranty bond. The document provides coverage for the contractor’s post-completion warranty obligations.
Related Stories
| Jul 10, 2014
Southern California city considers new water fee for developers
A persistent drought in Southern California could lead to a water fee for new construction projects in Ventura.
| Jul 1, 2014
$1 billion master planned development in California clears key hurdle
Plans for a new section of the proposed $1 billion La Entrada master-planned community in Coachella, Calif., moved ahead after the developer and city council agreed that the plan would include 500 affordable housing units.
| Jul 1, 2014
Dept. of Labor reaches settlement for $5 million in back wages for workers on federally assisted project
The U.S. Department of Labor and MDG Design & Construction LLC have reached a settlement over wage violations at the federally-assisted 26-story Grand Street Guild rehab project in New York City’s Lower East Side.
| Jul 1, 2014
GSA, Homeland Security research leads to performance-based design guide
The National Performance Based Design Guide, based on research and development supported by the Science & Technology Directorate of the Department of Homeland Security and the Public Buildings Service of the General Services Administration, is now available.
| Jul 1, 2014
FEMA grant helps fund school theater that will double as tornado safe room
Scott City School District in Missouri recently broke ground on an 8,990-sf performing arts theater that will also function as a tornado safe room.
| Jun 30, 2014
Research finds continued growth of design-build throughout United States
New research findings indicate that for the first time more than half of projects above $10 million are being completed through design-build project delivery.
| Jun 26, 2014
Canadian groups combine forces to support EPD program for LEED v4
The Canadian Standards Association (CSA) Group and the Canada Green Building Council (CaGBC) will collaborate to support LEED v4 and CSA Group’s Environmental Product Declaration (EPD) program.
| Jun 26, 2014
Ohio is first state to roll back renewable energy standards
Ohio became the nation’s first state to roll back renewable energy standards after the state House of Representatives passed Senate Bill 310 and Gov. John Kasich recently signed the measure.
| Jun 26, 2014
Walkable areas lead to higher rents for developers
New research from a George Washington University research group and LOCUS, a coalition of real estate investors that's part of Smart Growth America,says that offices in “Walkable Urban Places (WalkUPs)” bring developers 74% more rent per square foot.
| Jun 18, 2014
ASHRAE publishes guideline on specifying Building Automation Systems
Performance monitoring guidance is a key feature of the document. It provides designers of BAS systems with recommendations for good practice, project considerations, and detailed discussion of design options.