Arkansas Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project

• Category: Construction - Contractors
• State: Multi-State
• Control #: US-0056BG
• Format: Word; Rich Text

Description

A Construction Management Agreement is a contract drafted and signed by a construction foreman and the property owner. It allows each to establish roles and responsibilities, deadlines, wages and the project specifics. Arkansas Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legal contract that establishes the working relationship between the owner and the construction manager for a specific construction project in the state of Arkansas. This agreement outlines the roles, responsibilities, and obligations of both parties to ensure a successful completion of the project. Keywords: Arkansas Agreement, Owner, Construction Manager, Services, Overseeing, Construction Project, Legal contract, Working relationship, Roles, Responsibilities, Obligations, Successful completion. Different types of Arkansas Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project may include: 1. Lump-Sum Agreement: This type of agreement sets a fixed price for the construction project, and the construction manager is responsible for completing the project within the agreed-upon budget. Any cost overruns or savings fall on the construction manager. 2. Cost-Plus Agreement: In this agreement, the construction manager is reimbursed for the project costs, including direct expenses and a predetermined fee for overhead and profit. This type of agreement provides more flexibility in project changes and allows for a transparent cost breakdown. 3. Time and Material Agreement: This agreement reimburses the construction manager for the actual project costs, including labor, materials, and overhead, plus a percentage-based fee. It is commonly used when the project scope and duration are uncertain or if the owner needs more flexibility to make changes during the construction process. 4. Guaranteed Maximum Price (GMP) Agreement: With a GMP agreement, the construction manager provides a guaranteed maximum price for the construction project. If any savings are achieved during the construction, they are shared between the owner and the construction manager. However, if there are cost overruns, the construction manager covers them. 5. Design-Build Agreement: This type of agreement combines the roles of both the designer and the construction manager. The construction manager is responsible for overseeing the entire project, from design to construction. This integrated approach allows for efficient communication and coordination between different project phases. 6. Construction Manager at Risk (CAR) Agreement: In a CAR agreement, the construction manager assumes more risk and is involved early in the project's planning and design phases. They provide input on cost estimation, scheduling, and construct ability, aiming to deliver the project within predetermined criteria such as budget and schedule. By understanding the various types of Arkansas Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project, stakeholders can choose the most suitable agreement that aligns with the project's unique requirements, risk allocation, and budget constraints. Consulting with legal experts is advised to ensure compliance with the state's regulations and to protect the rights and interests of both parties involved.

Arkansas Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legal contract that establishes the working relationship between the owner and the construction manager for a specific construction project in the state of Arkansas. This agreement outlines the roles, responsibilities, and obligations of both parties to ensure a successful completion of the project. Keywords: Arkansas Agreement, Owner, Construction Manager, Services, Overseeing, Construction Project, Legal contract, Working relationship, Roles, Responsibilities, Obligations, Successful completion. Different types of Arkansas Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project may include: 1. Lump-Sum Agreement: This type of agreement sets a fixed price for the construction project, and the construction manager is responsible for completing the project within the agreed-upon budget. Any cost overruns or savings fall on the construction manager. 2. Cost-Plus Agreement: In this agreement, the construction manager is reimbursed for the project costs, including direct expenses and a predetermined fee for overhead and profit. This type of agreement provides more flexibility in project changes and allows for a transparent cost breakdown. 3. Time and Material Agreement: This agreement reimburses the construction manager for the actual project costs, including labor, materials, and overhead, plus a percentage-based fee. It is commonly used when the project scope and duration are uncertain or if the owner needs more flexibility to make changes during the construction process. 4. Guaranteed Maximum Price (GMP) Agreement: With a GMP agreement, the construction manager provides a guaranteed maximum price for the construction project. If any savings are achieved during the construction, they are shared between the owner and the construction manager. However, if there are cost overruns, the construction manager covers them. 5. Design-Build Agreement: This type of agreement combines the roles of both the designer and the construction manager. The construction manager is responsible for overseeing the entire project, from design to construction. This integrated approach allows for efficient communication and coordination between different project phases. 6. Construction Manager at Risk (CAR) Agreement: In a CAR agreement, the construction manager assumes more risk and is involved early in the project's planning and design phases. They provide input on cost estimation, scheduling, and construct ability, aiming to deliver the project within predetermined criteria such as budget and schedule. By understanding the various types of Arkansas Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project, stakeholders can choose the most suitable agreement that aligns with the project's unique requirements, risk allocation, and budget constraints. Consulting with legal experts is advised to ensure compliance with the state's regulations and to protect the rights and interests of both parties involved.