West Virginia 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. West Virginia Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legally binding document that outlines the terms and conditions of the partnership between the owner and the construction manager during the construction process. This agreement ensures that both parties are on the same page, reducing the likelihood of misunderstandings or disputes. The West Virginia Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project usually consists of the following sections: 1. Introduction: This section provides the project's background and identifies the parties involved — the owner and the construction manager. 2. Scope of Services: This section outlines the services that the construction manager will provide. It includes activities such as overseeing the construction process, coordinating with subcontractors and suppliers, managing schedules, and ensuring compliance with regulations. 3. Compensation: This section details the compensation structure for the construction manager. It specifies the payment terms, billing schedule, and any additional costs or reimbursements. 4. Project Schedule: This section establishes the project's timeline, including important milestones and deadlines. It allows the owner and construction manager to track progress and adjust expectations accordingly. 5. Insurance and Liability: This section determines insurance requirements and the allocation of liability between the owner and construction manager. It ensures that both parties are adequately protected against potential risks and damages. 6. Change Orders: This section addresses any modifications or changes to the original construction plans. It outlines the procedure for requesting and approving change orders, including potential cost adjustments. 7. Dispute Resolution: This section lays out the process for resolving disputes or disagreements that may arise during the construction process. It generally includes mediation or arbitration clauses to avoid lengthy legal proceedings. Different types of West Virginia Agreements between Owner and Construction Manager for Services in Overseeing a Construction Project may exist based on the specific project requirements. For example: — Lump Sum Agreement: A fixed-price agreement where the owner pays a predetermined amount to the construction manager for the entire project. — Cost Plus Fee Agreement: An agreement where the owner reimburses the construction manager for all project costs, including labor, materials, and overhead, plus an agreed-upon fee or percentage for the manager's services. — Guaranteed Maximum Price (GMP) Agreement: This agreement establishes a maximum construction cost that the owner will pay, including all expenses. If the project costs exceed the agreed amount, the construction manager will bear the additional expenses. — Design-Build Agreement: In this agreement, the construction manager is responsible for both the design and construction aspects of the project, streamlining the communication and coordination processes. These variations in the West Virginia Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project allow flexibility to accommodate different project types, contractual arrangements, and risk-sharing preferences. It is essential for all parties involved to carefully review and negotiate the agreement's terms to ensure a successful and mutually beneficial construction project.

West Virginia Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legally binding document that outlines the terms and conditions of the partnership between the owner and the construction manager during the construction process. This agreement ensures that both parties are on the same page, reducing the likelihood of misunderstandings or disputes. The West Virginia Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project usually consists of the following sections: 1. Introduction: This section provides the project's background and identifies the parties involved — the owner and the construction manager. 2. Scope of Services: This section outlines the services that the construction manager will provide. It includes activities such as overseeing the construction process, coordinating with subcontractors and suppliers, managing schedules, and ensuring compliance with regulations. 3. Compensation: This section details the compensation structure for the construction manager. It specifies the payment terms, billing schedule, and any additional costs or reimbursements. 4. Project Schedule: This section establishes the project's timeline, including important milestones and deadlines. It allows the owner and construction manager to track progress and adjust expectations accordingly. 5. Insurance and Liability: This section determines insurance requirements and the allocation of liability between the owner and construction manager. It ensures that both parties are adequately protected against potential risks and damages. 6. Change Orders: This section addresses any modifications or changes to the original construction plans. It outlines the procedure for requesting and approving change orders, including potential cost adjustments. 7. Dispute Resolution: This section lays out the process for resolving disputes or disagreements that may arise during the construction process. It generally includes mediation or arbitration clauses to avoid lengthy legal proceedings. Different types of West Virginia Agreements between Owner and Construction Manager for Services in Overseeing a Construction Project may exist based on the specific project requirements. For example: — Lump Sum Agreement: A fixed-price agreement where the owner pays a predetermined amount to the construction manager for the entire project. — Cost Plus Fee Agreement: An agreement where the owner reimburses the construction manager for all project costs, including labor, materials, and overhead, plus an agreed-upon fee or percentage for the manager's services. — Guaranteed Maximum Price (GMP) Agreement: This agreement establishes a maximum construction cost that the owner will pay, including all expenses. If the project costs exceed the agreed amount, the construction manager will bear the additional expenses. — Design-Build Agreement: In this agreement, the construction manager is responsible for both the design and construction aspects of the project, streamlining the communication and coordination processes. These variations in the West Virginia Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project allow flexibility to accommodate different project types, contractual arrangements, and risk-sharing preferences. It is essential for all parties involved to carefully review and negotiate the agreement's terms to ensure a successful and mutually beneficial construction project.