A142-2004 is a replacement for document A491-1996. A142-2004 consists of the Agreement and five exhibits: Exhibit A, Terms and Conditions; Exhibit B, Preconstruction Services; Exhibit C, Contractor's Scope of Work; Exhibit D, Determination of the Cost of the Work; and Exhibit E, Insurance and Bonds. A142 obligates the contractor to perform the work in accordance with the Contract Documents, which include A142 with its attached exhibits, supplementary and other conditions, drawings, specifications, addenda, and modifications.
A142 contains its own Terms and Conditions and does not rely on A201 for its general conditions of the contract as B491-1996 does. Like A141, A142 requires the parties to select the payment type from three choices. (1) Stipulated Sum, (2) Cost of the Work Plus Design-Builder's Fee, and (3) Cost of the Work Plus Design-Builder's Fee with a Guaranteed Maximum Price.
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