This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
A Hawaii Contract for Construction of a Commercial Building is a legal agreement between a property owner (referred to as the "Owner") and a contractor (referred to as the "Contractor") for the construction of a commercial building in the state of Hawaii. This contract outlines the specific terms and conditions under which the construction project will be completed. Keywords: Hawaii, contract, construction, commercial building, property owner, contractor, terms and conditions, project. There are different types of Hawaii Contracts for Construction of a Commercial Building, including: 1. Lump Sum Contract: This type of contract involves the Contractor providing a fixed price to complete the entire project, including all materials, labor, and equipment required for construction. The Owner pays the Contractor the agreed-upon lump sum amount upon completion of the project. 2. Cost Plus Fee Contract: In this contract, the Contractor is reimbursed for the actual costs incurred during the construction, including materials, labor, and equipment expenses. Additionally, the Contractor receives a prenegotiated fee or percentage on top of the costs. The Owner has more transparency over the project expenses and pays accordingly. 3. Unit Price Contract: This contract involves the Contractor providing a fixed price for specific units of work (e.g., per square foot, per cubic yard). The total cost is then calculated by multiplying the unit price by the quantity of work completed. The Owner pays the Contractor based on the completed units of work. 4. Guaranteed Maximum Price (GMP) Contract: Under this contract, the Contractor guarantees that the project will not exceed a specified maximum price agreed upon with the Owner. If the actual costs are lower, the Contractor keeps the savings. If the costs exceed the maximum price, the Contractor is responsible for covering the difference. 5. Design-Build Contract: In a design-build contract, the Contractor is responsible for both the design and construction of the commercial building. By assuming responsibility for the entire project, the Contractor streamlines the communication and coordination process between design and construction phases, ensuring greater efficiency. 6. Construction Management Contract: In this type of contract, the Contractor acts as a consultant to the Owner throughout the entire construction process. The Contractor assists in project planning, budgeting, and coordinating subcontractors, while the Owner retains greater control over the project and assumes more risks. These different types of contracts provide flexibility to both the Owner and the Contractor, allowing them to choose the most suitable approach based on their specific project requirements and preferences. It is crucial for both parties to carefully review and understand the terms and conditions outlined in the Hawaii Contract for Construction of a Commercial Building before entering into any agreement to ensure a successful and satisfactory completion of the project.A Hawaii Contract for Construction of a Commercial Building is a legal agreement between a property owner (referred to as the "Owner") and a contractor (referred to as the "Contractor") for the construction of a commercial building in the state of Hawaii. This contract outlines the specific terms and conditions under which the construction project will be completed. Keywords: Hawaii, contract, construction, commercial building, property owner, contractor, terms and conditions, project. There are different types of Hawaii Contracts for Construction of a Commercial Building, including: 1. Lump Sum Contract: This type of contract involves the Contractor providing a fixed price to complete the entire project, including all materials, labor, and equipment required for construction. The Owner pays the Contractor the agreed-upon lump sum amount upon completion of the project. 2. Cost Plus Fee Contract: In this contract, the Contractor is reimbursed for the actual costs incurred during the construction, including materials, labor, and equipment expenses. Additionally, the Contractor receives a prenegotiated fee or percentage on top of the costs. The Owner has more transparency over the project expenses and pays accordingly. 3. Unit Price Contract: This contract involves the Contractor providing a fixed price for specific units of work (e.g., per square foot, per cubic yard). The total cost is then calculated by multiplying the unit price by the quantity of work completed. The Owner pays the Contractor based on the completed units of work. 4. Guaranteed Maximum Price (GMP) Contract: Under this contract, the Contractor guarantees that the project will not exceed a specified maximum price agreed upon with the Owner. If the actual costs are lower, the Contractor keeps the savings. If the costs exceed the maximum price, the Contractor is responsible for covering the difference. 5. Design-Build Contract: In a design-build contract, the Contractor is responsible for both the design and construction of the commercial building. By assuming responsibility for the entire project, the Contractor streamlines the communication and coordination process between design and construction phases, ensuring greater efficiency. 6. Construction Management Contract: In this type of contract, the Contractor acts as a consultant to the Owner throughout the entire construction process. The Contractor assists in project planning, budgeting, and coordinating subcontractors, while the Owner retains greater control over the project and assumes more risks. These different types of contracts provide flexibility to both the Owner and the Contractor, allowing them to choose the most suitable approach based on their specific project requirements and preferences. It is crucial for both parties to carefully review and understand the terms and conditions outlined in the Hawaii Contract for Construction of a Commercial Building before entering into any agreement to ensure a successful and satisfactory completion of the project.
