A Construction Management Agreement is a contract drafted and signed by a construction foreman and the property owner. It allows each to establish roles and responsibilities, deadlines, wages and the project specifics.
The Pennsylvania Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legal contract that outlines the specific terms and conditions between the owner (client) and the construction manager. This agreement ensures a transparent and organized process for overseeing construction projects in the state of Pennsylvania. It is crucial in establishing a clear understanding of roles, responsibilities, and expectations between the two parties involved. Keywords: Pennsylvania Agreement, Owner, Construction Manager, Services, Overseeing, Construction Project Different types of Pennsylvania Agreements between Owner and Construction Manager for Services in Overseeing a Construction Project can include: 1. Lump-Sum Agreement: In this type of agreement, the construction manager provides a fixed price for overseeing the entire construction project. The owner agrees to pay the determined amount, and the construction manager is responsible for managing the project within the agreed budget. 2. Cost-Plus Agreement: This type of agreement involves the construction manager providing an estimate of the project's total cost, including materials, labor, and their fee. The owner pays the actual cost for the project, along with an additional fee for the construction manager's services. 3. Guaranteed Maximum Price (GMP) Agreement: In a GMP agreement, the construction manager guarantees that the project will not exceed a predetermined maximum price. If the project costs less than the agreed-upon maximum price, the savings are typically shared between the owner and the construction manager. This agreement provides cost certainty for the owner while allowing the construction manager to earn additional profit if the project comes under budget. 4. Design-Build Agreement: This type of agreement is commonly used for projects where the construction manager takes on the responsibility of both design and construction. The owner has a single point of contact throughout the project, streamlining communication and decision-making processes. 5. Construction Management at-risk Agreement: This agreement is commonly used for larger, more complex projects. The construction manager, acting as an agent for the owner, assumes the responsibility for overseeing the entire construction project. This includes subcontractor selection, scheduling, budget management, and quality control. The construction manager is often required to provide a guaranteed maximum price for the project. These different types of agreements offer flexibility to suit the specific needs of construction projects in Pennsylvania. Each agreement type varies in terms of the financial structure, risk allocation, and scope of services provided by the construction manager. It is essential for both owners and construction managers to carefully review and negotiate the terms to ensure a successful project outcome.
The Pennsylvania Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legal contract that outlines the specific terms and conditions between the owner (client) and the construction manager. This agreement ensures a transparent and organized process for overseeing construction projects in the state of Pennsylvania. It is crucial in establishing a clear understanding of roles, responsibilities, and expectations between the two parties involved. Keywords: Pennsylvania Agreement, Owner, Construction Manager, Services, Overseeing, Construction Project Different types of Pennsylvania Agreements between Owner and Construction Manager for Services in Overseeing a Construction Project can include: 1. Lump-Sum Agreement: In this type of agreement, the construction manager provides a fixed price for overseeing the entire construction project. The owner agrees to pay the determined amount, and the construction manager is responsible for managing the project within the agreed budget. 2. Cost-Plus Agreement: This type of agreement involves the construction manager providing an estimate of the project's total cost, including materials, labor, and their fee. The owner pays the actual cost for the project, along with an additional fee for the construction manager's services. 3. Guaranteed Maximum Price (GMP) Agreement: In a GMP agreement, the construction manager guarantees that the project will not exceed a predetermined maximum price. If the project costs less than the agreed-upon maximum price, the savings are typically shared between the owner and the construction manager. This agreement provides cost certainty for the owner while allowing the construction manager to earn additional profit if the project comes under budget. 4. Design-Build Agreement: This type of agreement is commonly used for projects where the construction manager takes on the responsibility of both design and construction. The owner has a single point of contact throughout the project, streamlining communication and decision-making processes. 5. Construction Management at-risk Agreement: This agreement is commonly used for larger, more complex projects. The construction manager, acting as an agent for the owner, assumes the responsibility for overseeing the entire construction project. This includes subcontractor selection, scheduling, budget management, and quality control. The construction manager is often required to provide a guaranteed maximum price for the project. These different types of agreements offer flexibility to suit the specific needs of construction projects in Pennsylvania. Each agreement type varies in terms of the financial structure, risk allocation, and scope of services provided by the construction manager. It is essential for both owners and construction managers to carefully review and negotiate the terms to ensure a successful project outcome.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.