Mississippi Construction Management Agreement

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

Description

Construction Management Agreement The Mississippi Construction Management Agreement is a legal document that outlines the terms and conditions between the owner and the construction manager involved in a construction project in the state of Mississippi. This agreement sets forth the responsibilities, obligations, and rights of both parties during the project's duration. Key Terms in a Mississippi Construction Management Agreement: 1. Construction Manager: This refers to the entity or individual responsible for overseeing and managing the construction project. They are typically experienced professionals knowledgeable in construction processes and project management. 2. Owner: The owner is the party who owns the property or has a legal interest in it. They engage the construction manager to oversee and manage the project on their behalf. 3. Scope of Work: The agreement should clearly define the services to be provided by the construction manager. This includes responsibilities such as project planning, design coordination, procurement, cost estimation, scheduling, subcontractor management, quality control, and safety compliance. 4. Compensation: The agreement outlines how the construction manager will be compensated for their services. This may be a fixed fee, a percentage of the total project cost, or a combination thereof. Payment terms, invoicing, and any potential bonuses or penalties should also be clearly stated. 5. Project Schedule: The agreement should establish a project timeline, including commencement and completion dates. It may also include milestones or deadlines for specific project phases, such as obtaining permits or completing major construction stages. 6. Insurance: Both the construction manager and the owner should maintain appropriate insurance coverage during the project. The agreement should specify the required types and limits of insurance, such as general liability and workers' compensation. 7. Change Orders: This clause addresses any changes to the project scope, cost, or schedule, which may arise during the construction phase. It outlines the procedure for requesting, approving, and pricing changes and may stipulate whether written consent is required. Types of Mississippi Construction Management Agreements: 1. Construction Management At-Risk: This type of agreement places the construction manager in a more involved role, assuming significant project risk. They guarantee the project's completion within a fixed budget, and any cost overruns are covered by the construction manager. 2. Construction Management Agency: In this arrangement, the construction manager acts as an advisor to the owner, providing recommendations and facilitating contracts between the owner and subcontractors or suppliers. The owner retains the risk and control over the project. 3. Construction Management Advisor: This type of agreement provides the construction manager with a limited role, acting as a consultant and advisor to the owner. They may offer expertise in project planning, procurement, and contractor selection, but the owner maintains control over the project's execution. In conclusion, the Mississippi Construction Management Agreement is a crucial legal document that defines the working relationship between the owner and a construction manager. By delineating the scope of work, compensation, project schedule, and other important terms, this agreement ensures transparency, clarity, and a smooth construction process.

The Mississippi Construction Management Agreement is a legal document that outlines the terms and conditions between the owner and the construction manager involved in a construction project in the state of Mississippi. This agreement sets forth the responsibilities, obligations, and rights of both parties during the project's duration. Key Terms in a Mississippi Construction Management Agreement: 1. Construction Manager: This refers to the entity or individual responsible for overseeing and managing the construction project. They are typically experienced professionals knowledgeable in construction processes and project management. 2. Owner: The owner is the party who owns the property or has a legal interest in it. They engage the construction manager to oversee and manage the project on their behalf. 3. Scope of Work: The agreement should clearly define the services to be provided by the construction manager. This includes responsibilities such as project planning, design coordination, procurement, cost estimation, scheduling, subcontractor management, quality control, and safety compliance. 4. Compensation: The agreement outlines how the construction manager will be compensated for their services. This may be a fixed fee, a percentage of the total project cost, or a combination thereof. Payment terms, invoicing, and any potential bonuses or penalties should also be clearly stated. 5. Project Schedule: The agreement should establish a project timeline, including commencement and completion dates. It may also include milestones or deadlines for specific project phases, such as obtaining permits or completing major construction stages. 6. Insurance: Both the construction manager and the owner should maintain appropriate insurance coverage during the project. The agreement should specify the required types and limits of insurance, such as general liability and workers' compensation. 7. Change Orders: This clause addresses any changes to the project scope, cost, or schedule, which may arise during the construction phase. It outlines the procedure for requesting, approving, and pricing changes and may stipulate whether written consent is required. Types of Mississippi Construction Management Agreements: 1. Construction Management At-Risk: This type of agreement places the construction manager in a more involved role, assuming significant project risk. They guarantee the project's completion within a fixed budget, and any cost overruns are covered by the construction manager. 2. Construction Management Agency: In this arrangement, the construction manager acts as an advisor to the owner, providing recommendations and facilitating contracts between the owner and subcontractors or suppliers. The owner retains the risk and control over the project. 3. Construction Management Advisor: This type of agreement provides the construction manager with a limited role, acting as a consultant and advisor to the owner. They may offer expertise in project planning, procurement, and contractor selection, but the owner maintains control over the project's execution. In conclusion, the Mississippi Construction Management Agreement is a crucial legal document that defines the working relationship between the owner and a construction manager. By delineating the scope of work, compensation, project schedule, and other important terms, this agreement ensures transparency, clarity, and a smooth construction process.