What does A103 mean in construction?
Short definition
A103 is an AIA owner-contractor agreement form used for cost of the work plus a fee without a guaranteed maximum price.
Longer explanation
This structure may be used when the owner wants cost-reimbursable delivery and accepts more open-ended cost exposure than a GMP arrangement.
Example in context
“The project team reviewed the A103 during the construction phase.”
Common users
- Owners
- Architects
- Contractors
- Construction managers