Washington 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. The Washington Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legal contract that outlines the responsibilities, obligations, and rights of the owner and the construction manager throughout the development and execution of a construction project. This agreement is specific to the state of Washington and serves as a vital tool for effectively managing and supervising construction projects in compliance with state laws and regulations. Within the context of this agreement, the owner refers to the individual or entity who owns the property on which the construction project will take place. The construction manager, on the other hand, is the professional or firm hired by the owner to oversee and coordinate the construction process. The agreement acts as a formal agreement between both parties, ensuring clear communication, project transparency, and effective management. Keywords: Washington Agreement, Owner, Construction Manager, Services, Overseeing, Construction Project Different types of Washington Agreements between Owner and Construction Manager for Services in Overseeing a Construction Project may include: 1. Lump-Sum Agreement: This type of agreement specifies a fixed monetary amount that the owner will pay the construction manager for their services. The payment is generally made in installments as the project progresses. It outlines the scope of work, deliverables, and timeline for completion. 2. Cost-plus-Fee Agreement: In this agreement, the construction manager is reimbursed for the actual costs incurred during the construction project, including materials, labor, and overhead costs. A predetermined fee or percentage of the total project cost is added to cover the construction manager's services. 3. Guaranteed Maximum Price (GMP) Agreement: Under this agreement, the construction manager guarantees that the project will be completed within a certain maximum price agreed upon with the owner. If the actual costs exceed the agreed-upon price, the construction manager bears the additional expenses. Any savings realized from staying under the maximum price are typically shared between the owner and the construction manager. 4. Unit Price Agreement: This type of agreement involves pricing the project based on specific items or units of work. The owner pays the construction manager based on the actual quantities used or the number of completed units. This agreement is commonly used when the scope of work is subject to change or when the project requires various units of work. 5. Construction Management at-Risk Agreement: This agreement shifts more risk and responsibility to the construction manager. The construction manager assumes financial and schedule risks and guarantees that the project will be completed within the agreed-upon cost and time frame. This type of agreement allows the owner to be more involved in the decision-making process and provides greater control over the project. In conclusion, the Washington Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a crucial document that outlines the roles, responsibilities, and compensation terms for both parties involved in a construction project. The agreement ensures clarity, transparency, and effective project management, while different types of agreements allow for flexibility in meeting specific project requirements and objectives.

The Washington Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legal contract that outlines the responsibilities, obligations, and rights of the owner and the construction manager throughout the development and execution of a construction project. This agreement is specific to the state of Washington and serves as a vital tool for effectively managing and supervising construction projects in compliance with state laws and regulations. Within the context of this agreement, the owner refers to the individual or entity who owns the property on which the construction project will take place. The construction manager, on the other hand, is the professional or firm hired by the owner to oversee and coordinate the construction process. The agreement acts as a formal agreement between both parties, ensuring clear communication, project transparency, and effective management. Keywords: Washington Agreement, Owner, Construction Manager, Services, Overseeing, Construction Project Different types of Washington Agreements between Owner and Construction Manager for Services in Overseeing a Construction Project may include: 1. Lump-Sum Agreement: This type of agreement specifies a fixed monetary amount that the owner will pay the construction manager for their services. The payment is generally made in installments as the project progresses. It outlines the scope of work, deliverables, and timeline for completion. 2. Cost-plus-Fee Agreement: In this agreement, the construction manager is reimbursed for the actual costs incurred during the construction project, including materials, labor, and overhead costs. A predetermined fee or percentage of the total project cost is added to cover the construction manager's services. 3. Guaranteed Maximum Price (GMP) Agreement: Under this agreement, the construction manager guarantees that the project will be completed within a certain maximum price agreed upon with the owner. If the actual costs exceed the agreed-upon price, the construction manager bears the additional expenses. Any savings realized from staying under the maximum price are typically shared between the owner and the construction manager. 4. Unit Price Agreement: This type of agreement involves pricing the project based on specific items or units of work. The owner pays the construction manager based on the actual quantities used or the number of completed units. This agreement is commonly used when the scope of work is subject to change or when the project requires various units of work. 5. Construction Management at-Risk Agreement: This agreement shifts more risk and responsibility to the construction manager. The construction manager assumes financial and schedule risks and guarantees that the project will be completed within the agreed-upon cost and time frame. This type of agreement allows the owner to be more involved in the decision-making process and provides greater control over the project. In conclusion, the Washington Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a crucial document that outlines the roles, responsibilities, and compensation terms for both parties involved in a construction project. The agreement ensures clarity, transparency, and effective project management, while different types of agreements allow for flexibility in meeting specific project requirements and objectives.