Here are some of the common drawbacks of AIA contracts for subcontractors: while AIA contract documents bring a number of benefits to all on the same project, they do not always prioritize the interests of subcontractors. The contract document is not provided for each project, you may need to adapt or modify it with addendums that meet your specific needs. Provides limited access by the contractor to obtain the owner`s financial information. According to Constructor Magazine, AIA A201 had, prior to 2007, the provision that a contractor could finance the owner on different dates during the project. Starting in 2007, a contractor can only request financial information at the beginning of an organization.” If the subcontractor does not pay the subcontractor without fault, the subcontractor may, within seven days of the date stipulated in this agreement, cease the work of this subcontracting, without prejudice to other corrective measures available after seven additional days notified to the subcontractor, it may cease the work of this subcontract until the payment of the amount of the due has been made. […] Mr. Pallaci`s practice focuses on complex construction, business and insurance litigation. He represents the general contractor, developers, subcontractors, owners, site managers, architects and engineers in a wide range of litigation, including construction, excavation and defective property damage disputes, delay, extent of work disputes, auction of responsibilities and defence of mechanics, defence of OSHA offences , ECB infringements, construction contracts, labour law rights and labour applications. Mr. Pallaci has successfully represented clients in arbitration and mediation proceedings, as well as in government and federal litigation.
His clients ranged from local small businesses to nationally and internationally renowned members of the Fortune 1000 and S.P. 500. Mr. Pallaci received MartinDale Hubble`s HIGHest “AV Preeminent” rating, is recognized as AVVO`s Top Construction Attorney and has been recognized annually since 2012 by Super Lawyers magazine as an “ascending star.” In addition to his law firm, Mr. Pallaci is the former chair of the Nassau Chamber`s Construction Law Committee and has written and written more than 100 articles on construction law issues, including strategies to reduce and avoid actual losses and recovery opportunities. For each advance made prior to the substantial completion of the subcontractor`s work, the holder may withhold the following amounts in the form of a deduction on the payment otherwise due: (Enter a percentage or amount to be withheld from each payment request. The amount of the deduction may be limited by current legislation.) 1.6: On request, the subcontractor makes available to the subcontractor a complete set of subcontracting documents in order to provide subcontractors with subcontracting documents before the sub-market is executed… The AIA produces some of the most commonly used construction contracts in the industry.