Fulton Georgia Construction Management Agreement is a legally binding contract that defines the terms and conditions between a property owner/developer and a construction management firm. This agreement outlines the responsibilities, obligations, and rights of each party involved in the construction project. Under this agreement, the construction management firm acts as a representative for the property owner and assumes the role of overseeing and managing all aspects of the construction project. The agreement defines the scope of work, project timelines, cost estimates, payment terms, insurance requirements, and dispute resolution procedures. In Fulton, Georgia, there are various types of construction management agreements that property owners/developers and construction management firms can enter into, depending on their specific needs and preferences. Some common types include: 1. Cost-Plus Construction Management Agreement: This type of agreement establishes that the construction management firm will be reimbursed for the actual costs incurred during the project, along with a predetermined fee or percentage of the project cost. 2. Guaranteed Maximum Price (GMP) Construction Management Agreement: In this agreement, the construction management firm guarantees that the construction project will not exceed a specified maximum price. Any cost overruns are absorbed by the construction management firm, providing cost certainty to the property owner. 3. Design-Build Construction Management Agreement: This agreement involves the construction management firm being responsible for both the design and construction aspects of the project. This integrated approach streamlines the construction process and ensures better coordination between the design and construction teams. 4. Construction Management at Risk Agreement: Under this agreement, the construction management firm assumes additional risks and liabilities, including being responsible for any cost overruns and delays. However, they also have more control over the construction process and can provide enhanced value engineering and cost-saving suggestions. Fulton Georgia Construction Management Agreements play a crucial role in ensuring successful construction projects by clearly defining the roles, responsibilities, and expectations of both property owners/developers and construction management firms. These agreements protect the interests of all parties involved and pave the way for effective communication, collaboration, and timely completion of construction projects in Fulton, Georgia.
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.