Oklahoma 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. Oklahoma Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legally binding contract that establishes the terms and conditions for the relationship between the owner and the construction manager. This agreement outlines the responsibilities, obligations, and rights of both parties involved in overseeing a construction project in the state of Oklahoma. Keywords: Oklahoma, Agreement, Owner, Construction Manager, Services, Overseeing, Construction Project. There are several types of Oklahoma Agreements between Owner and Construction Manager for Services in Overseeing a Construction Project, each tailored to specific project requirements. Some commonly used types include: 1. Lump Sum Agreement: This type of agreement sets a fixed price for the construction manager's services to oversee the entire project. The owner pays the agreed-upon lump sum amount, and the construction manager takes responsibility for managing the project within the allocated budget. 2. Cost Plus Fee Agreement: In this type of agreement, the construction manager is reimbursed for the actual costs incurred for overseeing the project, including labor, materials, subcontracts, and other related expenses. Additionally, the construction manager receives a prepared fee or percentage of the total costs as compensation for their services. 3. Guaranteed Maximum Price (GMP) Agreement: This agreement establishes a maximum price that the owner will pay for the project. The construction manager is responsible for managing the project and keeping the costs within the agreed-upon maximum price. If the project is completed under budget, the savings may be shared between the owner and the construction manager. 4. Unit Price Agreement: In this type of agreement, the construction manager's compensation is based on the quantity or measurement of specific units of work completed. The owner pays the construction manager according to the agreed-upon unit price for each completed unit, such as square footage, cubic yards, or linear feet. Regardless of the type of agreement, the Oklahoma Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project typically includes key clauses such as scope of work, payment terms, dispute resolution, insurance requirements, termination clauses, and project milestones. It is crucial for both parties to review and negotiate the terms of the agreement to ensure a clear understanding of their respective roles and responsibilities throughout the project. In conclusion, an Oklahoma Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a vital contract that outlines the legal obligations, terms, and conditions for the successful management and completion of a construction project in Oklahoma.

Oklahoma Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legally binding contract that establishes the terms and conditions for the relationship between the owner and the construction manager. This agreement outlines the responsibilities, obligations, and rights of both parties involved in overseeing a construction project in the state of Oklahoma. Keywords: Oklahoma, Agreement, Owner, Construction Manager, Services, Overseeing, Construction Project. There are several types of Oklahoma Agreements between Owner and Construction Manager for Services in Overseeing a Construction Project, each tailored to specific project requirements. Some commonly used types include: 1. Lump Sum Agreement: This type of agreement sets a fixed price for the construction manager's services to oversee the entire project. The owner pays the agreed-upon lump sum amount, and the construction manager takes responsibility for managing the project within the allocated budget. 2. Cost Plus Fee Agreement: In this type of agreement, the construction manager is reimbursed for the actual costs incurred for overseeing the project, including labor, materials, subcontracts, and other related expenses. Additionally, the construction manager receives a prepared fee or percentage of the total costs as compensation for their services. 3. Guaranteed Maximum Price (GMP) Agreement: This agreement establishes a maximum price that the owner will pay for the project. The construction manager is responsible for managing the project and keeping the costs within the agreed-upon maximum price. If the project is completed under budget, the savings may be shared between the owner and the construction manager. 4. Unit Price Agreement: In this type of agreement, the construction manager's compensation is based on the quantity or measurement of specific units of work completed. The owner pays the construction manager according to the agreed-upon unit price for each completed unit, such as square footage, cubic yards, or linear feet. Regardless of the type of agreement, the Oklahoma Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project typically includes key clauses such as scope of work, payment terms, dispute resolution, insurance requirements, termination clauses, and project milestones. It is crucial for both parties to review and negotiate the terms of the agreement to ensure a clear understanding of their respective roles and responsibilities throughout the project. In conclusion, an Oklahoma Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a vital contract that outlines the legal obligations, terms, and conditions for the successful management and completion of a construction project in Oklahoma.