The Wake North Carolina Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legally binding contract that establishes the scope of work and responsibilities of both the Owner and the Construction Manager in the construction process. This agreement is used in Wake County, North Carolina, and it ensures a smooth and efficient collaboration between the parties involved. In this agreement, the Owner and Construction Manager outline their roles and obligations in overseeing the construction project. It includes detailed provisions regarding project planning, budgeting, scheduling, and quality control. By defining these parameters, the agreement helps avoid potential disputes and ensures that the project is completed successfully. The Wake North Carolina Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project may have different types depending on the specific needs and requirements of the construction project. Some key types of agreements that might be based on this framework include: 1. Lump Sum Contract: This type of agreement establishes a fixed price for the construction project. The Construction Manager provides a detailed scope of work and estimates the total cost, which is then agreed upon by the Owner. 2. Cost-Plus Contract: In this agreement, the construction project's cost is determined by adding the actual costs incurred by the Construction Manager to a predetermined percentage for profit. This type of agreement provides flexibility, as it allows for adjustments throughout the project. 3. Design-Build Contract: This agreement combines the roles of the Construction Manager and the Designer into a single entity. The Construction Manager oversees both the design and construction aspects of the project, streamlining the process and increasing efficiency. 4. Construction Manager at Risk Contract: In this agreement, the Construction Manager takes on additional risk by guaranteeing the project's completion within a fixed budget. If the project exceeds the budget, the Construction Manager is responsible for covering the additional costs. 5. Multiple Prime Contracts: This type of agreement is common for larger construction projects. It involves the Owner directly contracting multiple prime contractors for different portions of the project, while the Construction Manager oversees and coordinates their work. Regardless of the specific type, the Wake North Carolina Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is an essential document that ensures a transparent and cooperative relationship between the Owner and the Construction Manager. It sets the foundation for a successful construction project, mitigating risks, and providing a clear framework for communication, decision-making, and dispute resolution.
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.