The Tennessee Construction Management Agreement is a legally binding contract that governs the relationship between the owner of a construction project and the appointed construction manager. This agreement outlines the roles and responsibilities of both parties, ensuring smooth execution and successful completion of the project. In Tennessee, numerous construction management agreement types exist, each tailored to specific project requirements and objectives. One type of Tennessee Construction Management Agreement is the Construction At-Risk Agreement. This agreement places the construction manager at risk for cost overruns and delays, as they assume responsibility for completing the project within a set budget and schedule. The construction manager provides expertise in cost estimation, scheduling, and subcontractor selection while coordinating with the owner and other stakeholders. Another type of agreement common in Tennessee is the Construction Manager as Agent Agreement. In this arrangement, the construction manager acts as the owner's agent, advocating for their best interests. The construction manager assists with various project stages, including design, construction, and closeout, helping the owner make informed decisions and ensuring the project's successful delivery. Additionally, the Tennessee Construction Management Agreement may include a Design-Build Agreement. In this scenario, the construction manager takes on both the design and construction responsibilities, streamlining the project by eliminating separate contracts for design and construction. This integrated approach promotes collaboration, innovation, and efficient project delivery. The Tennessee Construction Management Agreement typically encompasses key provisions such as project scope, budgeting, scheduling, risk allocation, change order procedures, dispute resolution mechanisms, and termination clauses. It also defines the construction manager's authority, compensation structure, and performance metrics. In summary, the Tennessee Construction Management Agreement is a versatile contract that facilitates effective project management and collaboration between owners and construction managers. Depending on the project's needs, different agreement types such as Construction At-Risk Agreement, Construction Manager as Agent Agreement, and Design-Build Agreement can be utilized to achieve successful project outcomes.
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.