Revised AIA and EJCDC Payment Bond Forms
Please note that the opinions expressed in articles and other
materials linked on this page are those solely of the author(s) and do
not necessarily represent the opinions of NASBP.
To assist members and affiliates, NASBP has compiled the following
materials and information on the AIA A312 and the EJCDC C-615 Payment
Bond forms.
1. NASBP General Counsel’s Column: "AIA and EJCDC Issue Interim Revisions to Payment Bond
Forms to Help Ameliorate Industry Concerns"
2. EJCDC’s interim revision to its payment bond form
- issued as EJCDC C-615(A)
EJCDC published a revised edition of its standard Payment Bond form.
The new form, EJCDC C-615(A), is intended to be used on an interim basis
as a substitute for EJCDC's standard payment bond form, EJCDC C-615,
pending a full review and re-issuance of the standard form. EJCDC
deleted Paragraph 6 in its entirety, removing the language in the bond
form that stipulated a 45-day period within which the surety must answer
the claimant’s notice of claim.
3. AIA’s interim revision to the AIA A312 Payment
Bond
To provide the construction community with improved language as early
as possible, the decision was made to release the amendment to the AIA
A312 payment bond form.
4. Joint press release on publication of AIA A312
Amendment
AIA, NASBP and SFAA issued this joint press release, informing the
construction community, including owners, about the availability of the
new A312 Payment Bond amendment.
5. ADDITIONAL INFORMATION
General Counsel’s Columns:
Audio
recording of February 27, 2008 NASBP
teleconference that describes recent legal decisions that have caused
concerns with responses to the A312 Payment Bond.
Recent court decisions in Maryland, Virginia, and Florida construing
sections of the American Institute of Architects' A312 Payment Bond form
have engendered concerns within the contractor and surety
communities.
NASBP PowerPoint Presentation Template titled,
”Understanding Surety Concerns with the AIA A312 Payment Bond
Form”
This fourteen-slide presentation can be customized.
The Surety & Fidelity Association of America (SFAA)
proposed draft amendment to the AIA A312 Payment Bond
This document is a working document, not a final document, and is
provided by permission of SFAA for review and information purposes
only.
The Surety & Fidelity Association of America (SFAA)
draft white paper, titled, “Owners, Contractors, and Sureties
Propose Modification of the American Institute of Architects’ A312
Payment Bond”
This document is a working document, not a final document, and is
provided by permission of SFAA for review and information purposes
only.