||C197 - 2008
AIA Document C1972008 is a standard form of agreement between a single purpose entity (the SPE) and members of the SPE that do not own the project, called non-owner members. C1972008 is intended for use on a project where the parties have formed the SPE utilizing AIA Document C1952008, Standard Form of Single Purpose Entity Agreement for Integrated Project Delivery. C1972008 is coordinated with C1952008 in order to implement the principles of integrated project delivery, including the accomplishment of mutually-agreed goals. All members of the SPE, other than the project owner, will execute C1972008. C1972008 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 C1952008 Target Cost Amendment and is incorporated into the executed C1972008. In exchange for the non-owner members services, the non-owner members are paid the direct and indirect costs they incur in providing services. Additionally, C1972008 allows for the non-owner members to receive profit through Incentive Compensation and Goal Achievement Compensation.
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