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The Joint Committee recommends, in cases where construction must start before completed drawings are available, that consideration be given to the use of a form of contract which will provide for a guaranteed maximum with provisions for savings. It is recognized that this form of contract may be much better than "straight fee" or "cost-plus" especially where a maximum top price must be established or where the Owner and Architect have a definite preference for a particular Contractor. Deleted in Entirety December l, 1981 Approved January 1967 Ace Joint Committee Recommended Construction Practices Dated 6/9/53 Top of Page | AIA-MBA Home Page | Organization | Drawings & Specifications | Bidding | Contracts | Temporary Services | Bonds, Insurance & Liability | Safety Responsibilities | Release of Liens | Procurement Methods & Supplements | Contact Us |
