New Hampshire 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. New Hampshire Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legally binding contract that establishes the terms and conditions between the owner of a construction project and the construction manager responsible for overseeing the project. This agreement outlines the rights, obligations, and responsibilities of both parties involved and ensures the smooth coordination and completion of the project. The key elements covered in this agreement include: 1. Parties: It identifies the owner of the construction project and the construction manager, providing their legal names, addresses, and contact information. 2. Scope of Work: This section outlines the specific services the construction manager will provide, such as pre-construction planning, bidding, scheduling, managing subcontractors, and overall project coordination. It also includes any exclusions or limitations in the construction manager's responsibility. 3. Project Schedule: The agreement establishes the timeline and milestones for the project, including start and completion dates, as well as any specific deadlines for critical project phases. This ensures that the construction manager adheres to the agreed-upon schedule. 4. Compensation: The agreement details the payment terms, including the construction manager's fee structure and method of payment. It may include provisions for reimbursable expenses, retainers, or incentives for completing the project on time or within budget. 5. Insurance and Indemnification: This section addresses the insurance requirements for both the owner and the construction manager. It defines the minimum insurance coverage, certificate of insurance, and specifies each party's responsibility for any claims, liabilities, or damages arising during the project. 6. Change Orders: The agreement outlines the process for handling any changes or modifications in the project scope, schedule, or cost. It specifies the requirements for documenting change orders and obtaining owner's approval, as well as any cost implications. 7. Termination: This section defines the conditions under which either party may terminate the agreement, including defaults, breaches, or non-performance. It also outlines the responsibilities during the termination process, such as project turnover and final payments. Different types of New Hampshire Agreements between Owner and Construction Manager for Services in Overseeing a Construction Project may include variations based on the size and complexity of the project, such as: 1. Lump Sum Agreement: This type of agreement specifies a fixed price for the construction manager's services, regardless of any changes or cost overruns during the project. 2. Cost-Plus Agreement: In this arrangement, the construction manager is compensated for the actual cost of labor, materials, equipment, and overhead incurred during the project, with additional fees or percentages added as a markup for profit and overhead. 3. Guaranteed Maximum Price (GMP) Agreement: This contract establishes a maximum cost for the project, protecting the owner from cost overruns. The construction manager is responsible for managing the project within the agreed-upon budget, and any savings may be shared between both parties. In conclusion, a New Hampshire Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a comprehensive and essential agreement that ensures effective communication, accountability, and successful completion of a construction project.

New Hampshire Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legally binding contract that establishes the terms and conditions between the owner of a construction project and the construction manager responsible for overseeing the project. This agreement outlines the rights, obligations, and responsibilities of both parties involved and ensures the smooth coordination and completion of the project. The key elements covered in this agreement include: 1. Parties: It identifies the owner of the construction project and the construction manager, providing their legal names, addresses, and contact information. 2. Scope of Work: This section outlines the specific services the construction manager will provide, such as pre-construction planning, bidding, scheduling, managing subcontractors, and overall project coordination. It also includes any exclusions or limitations in the construction manager's responsibility. 3. Project Schedule: The agreement establishes the timeline and milestones for the project, including start and completion dates, as well as any specific deadlines for critical project phases. This ensures that the construction manager adheres to the agreed-upon schedule. 4. Compensation: The agreement details the payment terms, including the construction manager's fee structure and method of payment. It may include provisions for reimbursable expenses, retainers, or incentives for completing the project on time or within budget. 5. Insurance and Indemnification: This section addresses the insurance requirements for both the owner and the construction manager. It defines the minimum insurance coverage, certificate of insurance, and specifies each party's responsibility for any claims, liabilities, or damages arising during the project. 6. Change Orders: The agreement outlines the process for handling any changes or modifications in the project scope, schedule, or cost. It specifies the requirements for documenting change orders and obtaining owner's approval, as well as any cost implications. 7. Termination: This section defines the conditions under which either party may terminate the agreement, including defaults, breaches, or non-performance. It also outlines the responsibilities during the termination process, such as project turnover and final payments. Different types of New Hampshire Agreements between Owner and Construction Manager for Services in Overseeing a Construction Project may include variations based on the size and complexity of the project, such as: 1. Lump Sum Agreement: This type of agreement specifies a fixed price for the construction manager's services, regardless of any changes or cost overruns during the project. 2. Cost-Plus Agreement: In this arrangement, the construction manager is compensated for the actual cost of labor, materials, equipment, and overhead incurred during the project, with additional fees or percentages added as a markup for profit and overhead. 3. Guaranteed Maximum Price (GMP) Agreement: This contract establishes a maximum cost for the project, protecting the owner from cost overruns. The construction manager is responsible for managing the project within the agreed-upon budget, and any savings may be shared between both parties. In conclusion, a New Hampshire Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a comprehensive and essential agreement that ensures effective communication, accountability, and successful completion of a construction project.