The AIA A312™-2010 Performance Bond and Payment Bond incorporates two bonds - one that covers the contractor's performance, and another that covers the contractor's requirement to pay subcontractors and others (such as material suppliers) for material and labor.
In addition, the AIA Document A312™-2010 requires the surety to respond to the owner's requests for discussions in regards to anticipating or preventing a contractor's default.
Below is a quote, a copy and paste straight from the AIA website:
From the AIA website... "NOTE: A312™–2010 replaces AIA Document A312™–1984, which expires on December 31, 2011."
Please note: AIA Forms are NOT available for download ANYWHERE except from the AIA themselves (and it's very expensive AND while you can download and use the form on your computer (that's right, form as in singular, they make you pay for every usage) you can't make corrections on your computer. If you need to make a correction you have to do it by hand with a pen.
It's much less expensive to:
*** SPECIAL EXCLUSIVE SAVINGS!! ***
Please click through to see the downloadable Quantum Project Manager Contractor Billing Module software that will fill in your AIA A312 Performance Bond and Payment Bond form along other AIA forms, using your printer.
If you like what you see and decide to purchase the program you'll get an exclusive discount on the software that is available only to you and my other customers.
You MUST use the code TCG to get your discount, and the discount is not available after you purchase the program so please be sure you enter the discount count TCG BEFORE you check out.
Because this software will fill in your AIA forms for you, you and your company will have a much more professional appearance than if you fill the form in by hand or use a typewriter and have to white-out mistakes.
You did a professional job at the worksite; follow that up with a professional job on your paperwork.
Use the Quantum Project Manager Contractor Billing Module and you will definitely get that professional appearance.
Remember to use the code TCG to get your exclusive discount.
It can also be used when the Owner and Contractor already have a working relationship in place (e.g. a 'like' previous project) or if the project is simple in detail and short on duration.
Do you know what happens if you need to make change(s) to AIA forms that you've already filled out?
If you need to edit the info on an AIA form document (such as the A107) that you've already completed (whether you did it by hand ugh or typewriter ugh'er ;o) or computer) you'll find that the AIA requires that you use (and pay for) a whole new blank AIA form - just to print that revision.That gets expensive REAL quick; faster than overdraft fees can domino in a bank account!
At one time AIA forms were the forms that most contractors thought were best (they aren't, they're skewed in the architect's favor); nowadays contractors are realizing the value of this software that's available (with *instant* access no less) - and it's kicking some AIA dinosaur butt! ;o)
[Keep Reading For A 40% Discount]
Many years ago I found out that often times when a contractor was required to use an AIA form they would actually most often be allowed to use a form that was AIA-like, it didn't necessarily have to be an AIA-form, but they didn't know that or they didn't know where to get them.
So I started looking around to see what I could find out about that.
I came across this company, Quantumss, that has several programs available, one being an 'AIA' module.
I talked to the folks behind the scenes and got the inside scoop. :o)
The first exciting bit of info was that this is so much less expensive than doing it the AIA way.
When you can use AIA-Like documents just imagine how much money that'll save you over purchasing a new AIA document every time you need one (which is a legal requirement of the AIA - use a photocopy and you're in violation of the AIA's copyright!)
Many times when someone uses AIA forms, and/or requires the use of them, that person isn't aware that there are programs that create documents that are literally quite like the AIA forms - without the exorbitant prices of course!
[Either that or it's an AIA architect that's determining which paperwork will be used] ;o)
This is all done without infringing on the AIA copyright -
It's Legal & It's So Incredibly Less Expensive!
But what even more contractors aren't aware of is that not only do these programs print entire documents, filled-in, that are like the AIA documents but …
If you absolutely *have* to use an AIA form this program will fill in the AIA form(s) for you!
You'll enter the information on your computer, put a hard-copy of the AIA form into your printer, and hit print.
Voila! You didn't have to fill it in by hand and you didn't have to struggle with getting it lined up in a typewriter.
If you're tired of submitting AIA forms that aren't up to par with your business's professionalism then I recommend that you take a look at this program.
You can use the forms that are like the AIA forms when you are *not* required to use the actual AIA forms - and then when required to use AIA forms you'll use the program to fill in your hard-copies.
We've known each other for so long that they give my readers an exclusive discount on their items, up to 40% off!
BUT (there's always a 'but', but this is an easy one) ;o) ...
When you get there if you want to cruise around and see what else they have to offer (plenty of construction-related programs) feel free to do so but please be absolutely certain that you have the code TCG in the discount box BEFORE checking out. The discount will NOT be given after the purchase has been made.