Delaware 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. The Delaware Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legally binding document that outlines the responsibilities and expectations of both parties involved in a construction project. This agreement is specific to projects being conducted in the state of Delaware and ensures that all parties involved are on the same page. Keywords: Delaware, Agreement, Owner, Construction Manager, Services, Overseeing, Construction Project. There are different types of Delaware Agreements between Owner and Construction Manager for Services in Overseeing a Construction Project, which may include: 1. Fixed-Price Agreement: This type of agreement outlines a predetermined fixed price for the services provided by the construction manager. The owner and construction manager agree on a specific sum for the entire project, regardless of any cost variations. 2. Time and Materials Agreement: In this agreement, the construction manager charges the owner for the actual time and materials used during the construction project. The agreement specifies the hourly rate of the construction manager's services, and all materials and expenses are itemized and billed separately. 3. Cost-Plus Agreement: This agreement stipulates that the construction manager will be reimbursed for the actual cost of the project, including direct and indirect expenses, plus a predetermined percentage of that cost as profit. This type of agreement provides the construction manager with more flexibility but may result in higher overall costs for the owner. 4. Design-Build Agreement: This agreement combines the roles of the construction manager and the designer. The construction manager oversees both the design and construction aspects of the project, providing a streamlined approach. This type of agreement is beneficial if the owner wants a single point of contact for the entire project. The Delaware Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project will typically include key clauses such as: — Scope of Work: This section details the specific responsibilities and duties of the construction manager, including overseeing the construction project, coordinating with subcontractors, and ensuring compliance with local building codes and regulations. — Payment Terms: This section outlines the payment structure, including the method and frequency of payment. It specifies how the construction manager will invoice the owner and the agreed-upon terms for payment, such as a schedule linked to project milestones or completion percentages. — Changes and Amendments: This clause addresses any modifications or changes that may occur during the construction project. It includes procedures for requesting changes, cost adjustment mechanisms, and the approval process from the owner's end. — Termination: This section outlines the conditions under which either party may terminate the agreement. It includes provisions for default, breach of contract, or failure to perform obligations, as well as the process for dispute resolution or arbitration. — Insurance and Liability: This clause covers the insurance requirements and liability coverage for both the owner and the construction manager. It ensures that both parties are adequately protected in the event of any unforeseen accidents, damages, or liabilities. — Indemnification: This section addresses the indemnification of the owner by the construction manager against any claims, costs, or liabilities resulting from the construction project. In summary, the Delaware Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a vital legal document that protects the interests of both parties involved in a construction project in Delaware. The type of agreement chosen will depend on the specific needs and preferences of the owner and the construction manager.

The Delaware Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legally binding document that outlines the responsibilities and expectations of both parties involved in a construction project. This agreement is specific to projects being conducted in the state of Delaware and ensures that all parties involved are on the same page. Keywords: Delaware, Agreement, Owner, Construction Manager, Services, Overseeing, Construction Project. There are different types of Delaware Agreements between Owner and Construction Manager for Services in Overseeing a Construction Project, which may include: 1. Fixed-Price Agreement: This type of agreement outlines a predetermined fixed price for the services provided by the construction manager. The owner and construction manager agree on a specific sum for the entire project, regardless of any cost variations. 2. Time and Materials Agreement: In this agreement, the construction manager charges the owner for the actual time and materials used during the construction project. The agreement specifies the hourly rate of the construction manager's services, and all materials and expenses are itemized and billed separately. 3. Cost-Plus Agreement: This agreement stipulates that the construction manager will be reimbursed for the actual cost of the project, including direct and indirect expenses, plus a predetermined percentage of that cost as profit. This type of agreement provides the construction manager with more flexibility but may result in higher overall costs for the owner. 4. Design-Build Agreement: This agreement combines the roles of the construction manager and the designer. The construction manager oversees both the design and construction aspects of the project, providing a streamlined approach. This type of agreement is beneficial if the owner wants a single point of contact for the entire project. The Delaware Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project will typically include key clauses such as: — Scope of Work: This section details the specific responsibilities and duties of the construction manager, including overseeing the construction project, coordinating with subcontractors, and ensuring compliance with local building codes and regulations. — Payment Terms: This section outlines the payment structure, including the method and frequency of payment. It specifies how the construction manager will invoice the owner and the agreed-upon terms for payment, such as a schedule linked to project milestones or completion percentages. — Changes and Amendments: This clause addresses any modifications or changes that may occur during the construction project. It includes procedures for requesting changes, cost adjustment mechanisms, and the approval process from the owner's end. — Termination: This section outlines the conditions under which either party may terminate the agreement. It includes provisions for default, breach of contract, or failure to perform obligations, as well as the process for dispute resolution or arbitration. — Insurance and Liability: This clause covers the insurance requirements and liability coverage for both the owner and the construction manager. It ensures that both parties are adequately protected in the event of any unforeseen accidents, damages, or liabilities. — Indemnification: This section addresses the indemnification of the owner by the construction manager against any claims, costs, or liabilities resulting from the construction project. In summary, the Delaware Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a vital legal document that protects the interests of both parties involved in a construction project in Delaware. The type of agreement chosen will depend on the specific needs and preferences of the owner and the construction manager.