Guam Construction Management Agreement

• Category: Construction - Management
• State: Multi-State
• Control #: US-02299BG
• Format: Word; PDF; Rich Text

Description

Construction Management Agreement A Guam Construction Management Agreement is a legally binding contract that outlines the roles, responsibilities, and obligations of the parties involved in a construction project in Guam. It serves as a comprehensive roadmap to ensure the smooth execution of the project from its inception to completion. In Guam, there are different types of Construction Management Agreements that cater to the specific needs and preferences of the parties involved: 1. Traditional Construction Management Agreement: This type of agreement involves the owner hiring a construction manager to oversee and coordinate various aspects of the construction project. The construction manager acts as the owner's representative and handles tasks such as budgeting, scheduling, procurement, and subcontractor coordination. 2. At-Risk Construction Management Agreement: In this type of agreement, the construction manager assumes additional responsibilities and risks related to the project. They not only coordinate the construction process but also take on a more involved role by guaranteeing the delivery of the project within the agreed budget and schedule. The construction manager, in such cases, may be responsible for their subcontractors' performance and may be financially accountable for any cost overruns. 3. Construction Management Adviser Agreement: This is a consulting agreement where the construction manager provides expert advice and guidance to the owner. They assist in various stages of the project like feasibility analysis, budgeting, scheduling, and risk management. Unlike the traditional agreement, the construction manager does not have direct authority over subcontractors or the construction process. Keywords: Guam, Construction Management Agreement, roles, responsibilities, obligations, construction project, smooth execution, inception, completion, Traditional Construction Management Agreement, owner, construction manager, budgeting, scheduling, procurement, subcontractor coordination, At-Risk Construction Management Agreement, risks, delivery, cost overruns, Construction Management Adviser Agreement, consulting agreement, expert advice, feasibility analysis, risk management, authority, subcontractors.

A Guam Construction Management Agreement is a legally binding contract that outlines the roles, responsibilities, and obligations of the parties involved in a construction project in Guam. It serves as a comprehensive roadmap to ensure the smooth execution of the project from its inception to completion. In Guam, there are different types of Construction Management Agreements that cater to the specific needs and preferences of the parties involved: 1. Traditional Construction Management Agreement: This type of agreement involves the owner hiring a construction manager to oversee and coordinate various aspects of the construction project. The construction manager acts as the owner's representative and handles tasks such as budgeting, scheduling, procurement, and subcontractor coordination. 2. At-Risk Construction Management Agreement: In this type of agreement, the construction manager assumes additional responsibilities and risks related to the project. They not only coordinate the construction process but also take on a more involved role by guaranteeing the delivery of the project within the agreed budget and schedule. The construction manager, in such cases, may be responsible for their subcontractors' performance and may be financially accountable for any cost overruns. 3. Construction Management Adviser Agreement: This is a consulting agreement where the construction manager provides expert advice and guidance to the owner. They assist in various stages of the project like feasibility analysis, budgeting, scheduling, and risk management. Unlike the traditional agreement, the construction manager does not have direct authority over subcontractors or the construction process. Keywords: Guam, Construction Management Agreement, roles, responsibilities, obligations, construction project, smooth execution, inception, completion, Traditional Construction Management Agreement, owner, construction manager, budgeting, scheduling, procurement, subcontractor coordination, At-Risk Construction Management Agreement, risks, delivery, cost overruns, Construction Management Adviser Agreement, consulting agreement, expert advice, feasibility analysis, risk management, authority, subcontractors.