Standard Form of Agreement Between Owner and Contractor, for use on a Sustainable Project where the basis of payment is a Stipulated Sum
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AIA Document A101™–2007 SP is a standard form of agreement between owner and contractor for use on sustainable projects where the basis of payment is a stipulated sum (fixed price). A101–2007 SP is based on AIA Document A101™–2007, Standard Form of Agreement Between Owner and Contractor, where the basis of payment is a Stipulated Sum, with modifications that address the risks, responsibilities and opportunities unique to projects involving substantial elements of sustainable design and construction (sustainable projects). A101–2007 SP adopts by reference, and is designed for use with, AIA Document A201™–2007 SP, General Conditions of the Contract for Construction for use on a Sustainable Project.