Massachusetts 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 Massachusetts Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a contract that outlines the responsibilities and expectations between the owner of a construction project and the construction manager. This agreement is specific to Massachusetts and helps ensure a smooth and successful completion of the project. Keywords: Massachusetts Agreement, Owner, Construction Manager, Services, Overseeing, Construction Project There are different types of Massachusetts Agreements between Owner and Construction Manager for Services in Overseeing a Construction Project, each tailored to specific project requirements. Some of these agreements may include: 1. Lump Sum Agreement: This type of agreement specifies a fixed price for the construction manager's services, regardless of any cost variations during the construction process. It outlines the scope of work, project schedule, payment terms, and other essential details. 2. Cost Plus Fee Agreement: In this agreement, the owner agrees to reimburse the construction manager for the actual costs incurred during the project, along with a predetermined fee or percentage of the project costs. The agreement includes provisions for proper documentation, cost control measures, and required approval processes. 3. Guaranteed Maximum Price (GMP) Agreement: Under this agreement, the construction manager guarantees not to exceed a specified maximum price for the project. The agreement outlines the scope of work, project schedule, payment terms, and the process for managing and controlling project costs. It may include provisions for cost savings and incentivizing good performance. 4. Unit Price Agreement: This type of agreement is suitable when the project involves multiple similar or repetitive tasks. The construction manager provides unit prices for each task or component of the project, and the owner pays based on the quantities actually executed. The agreement describes the unit prices, payment terms, and other relevant details. 5. Construction Management at Risk Agreement: This agreement places the majority of the construction project risks on the construction manager. The construction manager assumes financial responsibility for the project, including any cost overruns, while providing pre-construction and construction management services. The agreement outlines the project's goals, budget, schedule, and the construction manager's liabilities. These different types of agreements allow for flexibility in meeting the specific needs of owners and construction managers in Massachusetts, ensuring a clear understanding of expectations, roles, and responsibilities throughout the construction project.

A Massachusetts Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a contract that outlines the responsibilities and expectations between the owner of a construction project and the construction manager. This agreement is specific to Massachusetts and helps ensure a smooth and successful completion of the project. Keywords: Massachusetts Agreement, Owner, Construction Manager, Services, Overseeing, Construction Project There are different types of Massachusetts Agreements between Owner and Construction Manager for Services in Overseeing a Construction Project, each tailored to specific project requirements. Some of these agreements may include: 1. Lump Sum Agreement: This type of agreement specifies a fixed price for the construction manager's services, regardless of any cost variations during the construction process. It outlines the scope of work, project schedule, payment terms, and other essential details. 2. Cost Plus Fee Agreement: In this agreement, the owner agrees to reimburse the construction manager for the actual costs incurred during the project, along with a predetermined fee or percentage of the project costs. The agreement includes provisions for proper documentation, cost control measures, and required approval processes. 3. Guaranteed Maximum Price (GMP) Agreement: Under this agreement, the construction manager guarantees not to exceed a specified maximum price for the project. The agreement outlines the scope of work, project schedule, payment terms, and the process for managing and controlling project costs. It may include provisions for cost savings and incentivizing good performance. 4. Unit Price Agreement: This type of agreement is suitable when the project involves multiple similar or repetitive tasks. The construction manager provides unit prices for each task or component of the project, and the owner pays based on the quantities actually executed. The agreement describes the unit prices, payment terms, and other relevant details. 5. Construction Management at Risk Agreement: This agreement places the majority of the construction project risks on the construction manager. The construction manager assumes financial responsibility for the project, including any cost overruns, while providing pre-construction and construction management services. The agreement outlines the project's goals, budget, schedule, and the construction manager's liabilities. These different types of agreements allow for flexibility in meeting the specific needs of owners and construction managers in Massachusetts, ensuring a clear understanding of expectations, roles, and responsibilities throughout the construction project.