What does A102 mean in construction?
Short definition
A102 is an AIA owner-contractor agreement form used when payment is based on the cost of the work plus a fee with a guaranteed maximum price.
Longer explanation
It is commonly associated with negotiated projects where reimbursable costs, contractor fee, savings, contingencies, and GMP terms need to be administered carefully.
Example in context
“The project team reviewed the A102 during the construction phase.”
Common users
- Owners
- Architects
- Contractors
- Construction managers