Oklahoma Contract for Construction of Building Designed by an Engineer

• Category: Contracts - Engineers
• State: Multi-State
• Control #: US-0110BG
• Format: Word; Rich Text

Description

Construction engineering is a professional discipline that deals with the designing, planning, construction, and management of infrastructures such as highways, bridges, airports, railroads, buildings, dams, and utilities. The Oklahoma Contract for Construction of a Building Designed by an Engineer is a legally binding document that outlines the terms and conditions between the owner of a construction project and the contractor hired to complete the building project. This contract is specifically designed for projects where an engineer is responsible for the design and specifications of the construction. Keywords: Oklahoma Contract, Construction of Building, Engineer, Terms and Conditions, Contractor, Design, Specifications. There are primarily two types of Oklahoma Contracts for Construction of Building Designed by an Engineer: 1. Lump Sum Contract: This type of contract involves a fixed price agreement where the contractor agrees to complete the construction project for a specified amount. The contract outlines the scope of work, project duration, and the exact amount to be paid upon completion. Any changes or additional work requested by the owner may result in a change order and an adjustment in the contract price. 2. Cost Plus Contract: In a cost plus contract, the contractor is reimbursed for the actual costs incurred during construction, along with an agreed-upon percentage or fixed fee as profit. This type of contract is suitable when the project scope is not well-defined, or when the owner prefers more flexibility in making changes during construction. The contract typically outlines how the costs will be tracked, audited, and reimbursed. Both types of contracts include provisions regarding project milestones, payment schedules, project delays, dispute resolution mechanisms, insurance requirements, and warranties. It is important for all parties involved to carefully review and negotiate the terms and conditions outlined in the Oklahoma Contract for Construction of Building Designed by an Engineer. It is advisable to seek legal counsel to ensure that the contract adequately protects the interests of both the owner and the contractor, and that all relevant laws and regulations are adhered to throughout the construction process. In conclusion, the Oklahoma Contract for Construction of a Building Designed by an Engineer is a crucial document that establishes a clear understanding between the owner and contractor. It safeguards the rights and obligations of both parties and provides a framework for successful completion of the construction project.

The Oklahoma Contract for Construction of a Building Designed by an Engineer is a legally binding document that outlines the terms and conditions between the owner of a construction project and the contractor hired to complete the building project. This contract is specifically designed for projects where an engineer is responsible for the design and specifications of the construction. Keywords: Oklahoma Contract, Construction of Building, Engineer, Terms and Conditions, Contractor, Design, Specifications. There are primarily two types of Oklahoma Contracts for Construction of Building Designed by an Engineer: 1. Lump Sum Contract: This type of contract involves a fixed price agreement where the contractor agrees to complete the construction project for a specified amount. The contract outlines the scope of work, project duration, and the exact amount to be paid upon completion. Any changes or additional work requested by the owner may result in a change order and an adjustment in the contract price. 2. Cost Plus Contract: In a cost plus contract, the contractor is reimbursed for the actual costs incurred during construction, along with an agreed-upon percentage or fixed fee as profit. This type of contract is suitable when the project scope is not well-defined, or when the owner prefers more flexibility in making changes during construction. The contract typically outlines how the costs will be tracked, audited, and reimbursed. Both types of contracts include provisions regarding project milestones, payment schedules, project delays, dispute resolution mechanisms, insurance requirements, and warranties. It is important for all parties involved to carefully review and negotiate the terms and conditions outlined in the Oklahoma Contract for Construction of Building Designed by an Engineer. It is advisable to seek legal counsel to ensure that the contract adequately protects the interests of both the owner and the contractor, and that all relevant laws and regulations are adhered to throughout the construction process. In conclusion, the Oklahoma Contract for Construction of a Building Designed by an Engineer is a crucial document that establishes a clear understanding between the owner and contractor. It safeguards the rights and obligations of both parties and provides a framework for successful completion of the construction project.