Hawaii 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. A Hawaii Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legal contract that outlines the responsibilities and obligations of both parties involved in a construction project in the state of Hawaii. This agreement ensures clear communication, cooperation, and accountability throughout the construction process. The primary objective of this agreement is to establish a collaborative relationship in which the construction manager oversees and manages the construction project on behalf of the owner. The construction manager acts as the owner's representative, ensuring that the project is completed according to specifications, within budget, and on schedule. There are several types of Hawaii Agreements between Owner and Construction Manager for Services in Overseeing a Construction Project, each tailored to suit the specific needs and preferences of the owner and the nature of the construction project. Some common variations include: 1. Lump Sum Agreement: This type of agreement specifies a fixed lump sum payment to the construction manager for their services. It outlines the scope of work, construction milestones, and payment schedule. The construction manager is responsible for managing the project within the allocated budget. 2. Cost Plus Fee Agreement: In this agreement, the construction manager is reimbursed for the actual costs incurred during the project, including labor, materials, and overhead expenses. Additionally, a predetermined fee or percentage of the total project cost is paid to the construction manager as compensation for their services. 3. Guaranteed Maximum Price (GMP) Agreement: In a GMP agreement, the owner and construction manager agree upon a maximum price for the construction project. The construction manager is responsible for completing the project within the agreed-upon price, barring any unforeseen circumstances or changes requested by the owner. This agreement provides cost certainty for the owner. 4. Design-Build Agreement: This type of agreement allows for a collaborative approach where the owner hires a construction manager who is also responsible for the design and construction of the project. The construction manager assumes the risk associated with the project's design and construction, providing a single point of contact for the owner. Regardless of the type of agreement used, all Hawaii Agreements between Owner and Construction Manager for Services in Overseeing a Construction Project typically cover essential aspects such as project scope, timelines, deliverables, payment terms, change order procedures, dispute resolution mechanisms, and termination clause. Overall, a Hawaii Agreement between Owner and Construction Manager is a crucial document that establishes a framework for successful project delivery, mitigates potential risks, and ensures that the construction project is carried out with utmost professionalism and efficiency.

A Hawaii Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legal contract that outlines the responsibilities and obligations of both parties involved in a construction project in the state of Hawaii. This agreement ensures clear communication, cooperation, and accountability throughout the construction process. The primary objective of this agreement is to establish a collaborative relationship in which the construction manager oversees and manages the construction project on behalf of the owner. The construction manager acts as the owner's representative, ensuring that the project is completed according to specifications, within budget, and on schedule. There are several types of Hawaii Agreements between Owner and Construction Manager for Services in Overseeing a Construction Project, each tailored to suit the specific needs and preferences of the owner and the nature of the construction project. Some common variations include: 1. Lump Sum Agreement: This type of agreement specifies a fixed lump sum payment to the construction manager for their services. It outlines the scope of work, construction milestones, and payment schedule. The construction manager is responsible for managing the project within the allocated budget. 2. Cost Plus Fee Agreement: In this agreement, the construction manager is reimbursed for the actual costs incurred during the project, including labor, materials, and overhead expenses. Additionally, a predetermined fee or percentage of the total project cost is paid to the construction manager as compensation for their services. 3. Guaranteed Maximum Price (GMP) Agreement: In a GMP agreement, the owner and construction manager agree upon a maximum price for the construction project. The construction manager is responsible for completing the project within the agreed-upon price, barring any unforeseen circumstances or changes requested by the owner. This agreement provides cost certainty for the owner. 4. Design-Build Agreement: This type of agreement allows for a collaborative approach where the owner hires a construction manager who is also responsible for the design and construction of the project. The construction manager assumes the risk associated with the project's design and construction, providing a single point of contact for the owner. Regardless of the type of agreement used, all Hawaii Agreements between Owner and Construction Manager for Services in Overseeing a Construction Project typically cover essential aspects such as project scope, timelines, deliverables, payment terms, change order procedures, dispute resolution mechanisms, and termination clause. Overall, a Hawaii Agreement between Owner and Construction Manager is a crucial document that establishes a framework for successful project delivery, mitigates potential risks, and ensures that the construction project is carried out with utmost professionalism and efficiency.