AIA Document C197–2008 is a standard form of agreement between a single purpose entity (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 and the waiver of claims against other members. 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 costs they incur in providing services.
Additionally, C197–2008 allows for the non-owner members to receive Incentive and Goal Achievement Compensation in accordance with C195–2008.
Product Number: 635.3 - C197
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