Construction Management Agreement
A Washington Construction Management Agreement refers to a comprehensive legal contract made between a property owner and a construction manager to oversee and facilitate the construction process of a project in Washington state. This agreement sets out the roles, responsibilities, and obligations of both parties involved, ensuring a smooth and efficient construction process. Keywords: Washington Construction Management Agreement, property owner, construction manager, oversee, facilitate, construction process, project, roles, responsibilities, obligations, smooth, efficient. There are several types of Washington Construction Management Agreement, including: 1. Construction Manager as Advisor (CMA): In this type of agreement, the construction manager serves as an advisor to the property owner. They provide guidance and expertise throughout the entire construction process, offering recommendations on subcontractors, materials, scheduling, and budgeting. The property owner retains full control over the decision-making process. 2. Construction Manager as Agent (CMC): In a CMC agreement, the construction manager acts as an agent on behalf of the property owner. They have authority to hire subcontractors, purchase materials, and make decisions during construction. The property owner retains overall control but relies heavily on the construction manager's expertise. 3. Construction Manager at Risk (CMR): This agreement places more risk on the construction manager. They are responsible for not only overseeing the construction process but also guaranteeing the project's completion within a predetermined budget and schedule. The construction manager assumes financial and scheduling risks and may face penalties for not meeting the agreed-upon goals. 4. Integrated Project Delivery (IPD): An IPD agreement involves the collaboration of the property owner, architect, contractor, and construction manager from the early stages of project development. This agreement encourages open communication, shared risks, and rewards among all parties, promoting teamwork and efficient decision-making. Each type of agreement may have specific clauses, terms, and conditions tailored to the unique requirements of a construction project in Washington state. It is essential for both parties to thoroughly review and negotiate the terms of the agreement to safeguard their respective interests and ensure a successful construction endeavor.
A Washington Construction Management Agreement refers to a comprehensive legal contract made between a property owner and a construction manager to oversee and facilitate the construction process of a project in Washington state. This agreement sets out the roles, responsibilities, and obligations of both parties involved, ensuring a smooth and efficient construction process. Keywords: Washington Construction Management Agreement, property owner, construction manager, oversee, facilitate, construction process, project, roles, responsibilities, obligations, smooth, efficient. There are several types of Washington Construction Management Agreement, including: 1. Construction Manager as Advisor (CMA): In this type of agreement, the construction manager serves as an advisor to the property owner. They provide guidance and expertise throughout the entire construction process, offering recommendations on subcontractors, materials, scheduling, and budgeting. The property owner retains full control over the decision-making process. 2. Construction Manager as Agent (CMC): In a CMC agreement, the construction manager acts as an agent on behalf of the property owner. They have authority to hire subcontractors, purchase materials, and make decisions during construction. The property owner retains overall control but relies heavily on the construction manager's expertise. 3. Construction Manager at Risk (CMR): This agreement places more risk on the construction manager. They are responsible for not only overseeing the construction process but also guaranteeing the project's completion within a predetermined budget and schedule. The construction manager assumes financial and scheduling risks and may face penalties for not meeting the agreed-upon goals. 4. Integrated Project Delivery (IPD): An IPD agreement involves the collaboration of the property owner, architect, contractor, and construction manager from the early stages of project development. This agreement encourages open communication, shared risks, and rewards among all parties, promoting teamwork and efficient decision-making. Each type of agreement may have specific clauses, terms, and conditions tailored to the unique requirements of a construction project in Washington state. It is essential for both parties to thoroughly review and negotiate the terms of the agreement to safeguard their respective interests and ensure a successful construction endeavor.