New AIA Bond Forms

The American Institute of Architects has released the revised versions of two AIA Bond forms – AIA Document A310 Bid Bond and AIA Document A312 Performance Bond and Payment Bond. The changes come after a year of revision and reviews proposed by representatives from leading surety bond associations. With the amount of consideration taken into account for these revisions, the new bond forms are expected to continue as the industry standard, representing the fair and balanced interests of their users.

The new forms retain the majority of the original language. The revisions to the bond forms were made to clarify language and to address concerns raised by stakeholders. Below is a “Commentary and Comparison” link released by the AIA which outlines each change in detail.

AIA Bond Form Commentary and Comparison

Here are links to samples of the two new bond forms:

AIA Document A310 – 2010, Bid Bond
AIA Document A312 – 2010, Payment and Performance Bond