Additional Resource on Managing Condominium Projects
AIA releases new guide
Much has been said about the liability risks of condo projects. Claims experience shows that condos represent one of the worst project types when compared to the billings earned for this type of work. Our claims study on habitability claims details some of the claims that are typical on a condo project, and provides tips on managing the risks of such projects.
The AIA has recently published a guide designed to help architects manage the risks of condo projects. The B509-2010, Guide for Supplementary Conditions to AIA Document B109-2010 for use on Condominium Projects provides provisions for modifying the B109-2010, Standard Form of Agreement between Owner and Architect for a Multi-Family Residential or Mixed Use Residential Project. The Guide can be downloaded for free at www.aia.org/contractdocs/index.htm, and provides guidance on how to modify the B-109-2010 to address the specific risks of condominium projects. Firms that work on condominium projects should review this guide for some insightful provisions that can help them set the appropriate client expectations for projects of this nature.