You’ve probably heard a version of the proverbial saying: “nothing is certain except death and taxes.” And we all know, as unpleasant as both are, they are inevitable. That’s why it was surprising when a recent study revealed that only 44 percent of all American households have life insurance—the key financial security to protect loved […]
The Quarterly eNewsletter of The AIA Trust —April 2020
You may be dreaming of spring, but don’t forget the cold, hard facts: Old Man Winter still has plenty of time to deliver a deadly blizzard or ice storm. It’s important to protect yourself during late-season snowstorms—so follow these tips if you lose power in your home or are stranded in your car.
The shared-risk/shared-profit collaborative nature of Integrated Project Delivery results in many aspects of the relationship being defined contractually. But it is unclear how courts will construe the provisions of multi-party agreements with extensive waivers of rights, unusual limitations on risk, and blurring of responsibilities. The delivery system, with its emphasis on contractual liability rather than […]
If an employee suffers a disabling accident or illness, the financial consequences can be quite serious. According to the Council for Disabilities website, the risk of disability during the working years is ever-present; almost one-third of Americans entering the work force today will become disabled before they retire. The AIA Trust has worked with Unum […]
Do you think you need flood insurance only if you live near water? Think again. Floods can be caused by heavy rainfall, melting snow, clogged drainage systems and broken levees. All it takes is a few inches of water to cause major damage to your home and belongings.
Small firms and sole proprietors don’t have the luxury of in-house counsel or retained attorneys. But small architecture firms still encounter many challenges similar to large firms when negotiating and interpreting contracts, handling disputes with clients and contractors, and a myriad of other circumstances where a lawyer may be needed. For a limited time, LegaLine […]
In today’s economic climate, more and more, architects are being asked to address client issues relative to financing, assignment and certification. Every architect should be knowledgeable on these issues and approaches.