A Montgomery Maryland Construction Management Agreement is a legal contract between a property owner and a construction management company for the planning, coordination, and oversight of a construction project in Montgomery, Maryland. This agreement outlines the responsibilities, terms, and conditions that both parties agree to during the construction process. The primary goal of such an agreement is to ensure that the construction project is completed on time, within budget, and meets the desired quality standards. In Montgomery, Maryland, there are several types of Construction Management Agreements that are commonly used. These agreements can vary depending on the specific needs and requirements of the construction project. Some different types of Montgomery Maryland Construction Management Agreements include: 1. Pre-Construction Services Agreement: This type of agreement is focused on the early stages of the construction project. It establishes the roles and responsibilities of the construction management company during the planning and design phase. It may include services such as feasibility studies, cost estimation, value engineering, and project scheduling. 2. Construction Manager at Risk (CAR) Agreement: This agreement is used when the construction management company takes on a greater level of risk and responsibility. In addition to overseeing the construction process, the company also guarantees that the project will be completed within a specified budget. If cost overruns occur, the construction management company may bear some or all of the additional costs. 3. Guaranteed Maximum Price (GMP) Agreement: This type of agreement sets a limit on the total cost of the construction project. The construction management company provides the property owner with a guaranteed maximum price for the project. Any cost savings achieved during the construction process are usually shared between the property owner and the construction management company. 4. Design-Build Agreement: In this type of agreement, the construction management company is responsible for both the design and construction of the project. This integrated approach allows for greater collaboration and coordination between the design and construction teams, resulting in potential cost and time savings. Overall, a Montgomery Maryland Construction Management Agreement is a crucial document that governs the relationship between the property owner and the construction management company. It establishes the scope of work, project milestones, payment terms, and dispute resolution mechanisms. By having a clear and detailed agreement in place, both parties can work together to ensure the successful completion of a construction project in Montgomery, Maryland.
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.