The Alaska Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legally binding document that outlines the roles, responsibilities, and obligations of both parties involved in managing a construction project in the state of Alaska. This agreement ensures clear communication, establishes guidelines for project supervision, and addresses potential risks and disputes during the construction process. Key terms and keywords relevant to this agreement include: 1. Construction Manager: The party responsible for overseeing the construction project, including planning, scheduling, coordination, and supervision of all activities related to construction. 2. Owner: The party who owns the property and intends to carry out the construction project. This may include individuals, corporations, government entities, or organizations. 3. Services: The specific tasks and duties the Construction Manager will perform throughout the project, such as cost estimation, project scheduling, contractor selection, quality control, and ensuring compliance with local building codes and regulations. 4. Construction Documents: Refers to all the necessary drawings, designs, plans, specifications, and any other documents required for the construction project. These documents serve as a reference for the construction process and are often attached or referenced within the agreement. 5. Project Schedule: A timeline outlining the important milestones and deadlines for the completion of various tasks within the construction project. It helps in coordinating different activities and ensuring timely progress. 6. Payment Terms: Specifies the method and frequency of payment agreed upon by the Owner and Construction Manager. It includes payment milestones, amounts, and any conditions for payment release. 7. Change Orders: A process that outlines how modifications, alterations, or changes to the original construction plans or scope are managed. This includes procedures for requesting, approving, documenting, and pricing such changes. 8. Dispute Resolution: Procedures for resolving conflicts or disagreements that may arise during the construction process. This may include negotiation, mediation, or arbitration, depending on the preferences of both parties. Types of Alaska Agreements between Owner and Construction Manager for Services in Overseeing a Construction Project can vary depending on the specific needs and requirements of the project. These may include: 1. Lump-Sum Agreement: This type of agreement defines a fixed price for the construction project, which is normally agreed upon after a comprehensive examination of the construction documents. The Construction Manager is responsible for completing the project within the agreed budget, while the Owner pays the lump-sum amount. 2. Cost-Plus-Fee Agreement: In this type of agreement, the Owner agrees to pay the Construction Manager for the actual cost of the project, including all associated costs and fees. A predetermined fee or percentage of the total project cost is also agreed upon, serving as the Construction Manager's compensation. 3. Guaranteed Maximum Price (GMP) Agreement: This agreement sets a maximum price that the Owner will pay for the construction project. The Construction Manager is responsible for completing the project within the predetermined budget and any cost overruns are the Construction Manager's responsibility. 4. Unit Price Agreement: This type of agreement is commonly used for projects with repetitive or standardized elements. The Construction Manager provides a unit price for each predefined element, and the Owner pays accordingly based on the quantity of work completed. By clearly defining the terms, responsibilities, and legal considerations, the Alaska Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project ensures a collaborative and well-structured approach, ultimately leading to the successful completion of the construction project.