C197-2008 Standard Form of Agreement Between Single Purpose Entity and Non-Owner Member for Integrated Project Delivery
$24.99 - each
AIA Document C197-2008 is a standard form of agreement between a single purpose entity (the SPE) and members of the SPE that do not own the project, called non-owner members. C197-2008 is intended for use on a project where the parties have formed the SPE utilizing AIA Document C195-2008, Standard Form of Single Purpose Entity Agreement for Integrated Project Delivery. C197-2008 is coordinated with C195-2008 in order to implement the principles of integrated project delivery, including the accomplishment of mutually-agreed goals. All members of the SPE, other than the project owner, will execute C197-2008. C197-2008 provides the terms under which the non-owner members provide services to the SPE to complete the design and construction of the project. The specific services the non-owner members are required to perform are set forth in the Integrated Scope of Services Matrix, which is part of the C195-2008 Target Cost Amendment and is incorporated into the executed C197-2008. In exchange for the non-owner members' services, the non-owner members are paid the direct and indirect costs they incur in providing services. Additionally, C197-2008 allows for the non-owner members to receive profit through Incentive Compensation and Goal Achievement Compensation.