Bronx New York Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project

• Category: Construction - Contractors
• State: Multi-State
• County: Bronx
• 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 Bronx New York Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legal document that outlines the responsibilities, obligations, and rights of both the owner and the construction manager involved in a construction project in the Bronx, New York. This agreement serves as a blueprint for the smooth operation and successful completion of the project. In this agreement, the owner, who is the party responsible for initiating the project, contracts with the construction manager to oversee and manage the various aspects of the construction process. The construction manager provides expertise, coordination, and guidance throughout the project, ensuring that it meets the owner's expectations and is completed within the agreed-upon timeline and budget. The agreement typically includes a detailed scope of work, which outlines the specific construction services to be provided by the construction manager. This may include tasks such as obtaining permits, coordinating subcontractors, scheduling, quality control, and ensuring compliance with applicable laws and regulations. It also clarifies the limits of the construction manager's authority and specifies any limitations or exclusions. Among the key provisions included in the Bronx New York Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project are: 1. Project Description: This section provides a comprehensive description of the construction project itself, including the location, scope, size, and purpose of the project. 2. Term and Termination: This section outlines the duration of the agreement, specifying the start and end date, as well as the conditions or circumstances that may lead to termination. 3. Compensation: The agreement specifies the method and schedule of payment for the construction manager's services. It may include a lump sum fee, a percentage of the total project cost, or a combination of both. 4. Insurance and Liability: This section details the insurance requirements for both parties, including general liability, worker's compensation, and any additional coverage deemed necessary. It also addresses the allocation of liability between the owner and the construction manager. 5. Change Orders: Inevitably, changes may arise during the construction process. This section outlines the procedure for initiating and approving change orders, including any adjustments to the scope, cost, or timeline. 6. Dispute Resolution: In the event of a disagreement or dispute, this section establishes the process for resolution, such as mediation, arbitration, or litigation. Different types of Bronx New York Agreements between Owner and Construction Manager for Services in Overseeing a Construction Project may vary based on the size and complexity of the project, contractual arrangements, or specific industry requirements. Some variations may include: — Design-Build Agreements: This type of agreement combines the roles of designer and construction manager into a single entity, providing a more streamlined and integrated approach to the project. — Cost-Plus-Fee Agreements: In this arrangement, the construction manager is compensated for their services based on the actual cost of labor, materials, and overhead, plus a predetermined fee or percentage. — Lump Sum Agreements: This type of agreement sets a fixed price for the entire project, regardless of any changes or unforeseen circumstances that may arise during construction. — Guaranteed Maximum Price (GMP) Agreements: Here, the construction manager agrees to complete the project within a predetermined maximum price, providing the owner with cost certainty while assuming the risk of any cost overruns. It is essential for both the owner and the construction manager to carefully review and negotiate the terms of the agreement to ensure a clear understanding of their respective obligations and expectations. Seeking legal counsel is advisable to ensure compliance with local laws and regulations and to protect the interests of both parties involved in the construction project.

The Bronx New York Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legal document that outlines the responsibilities, obligations, and rights of both the owner and the construction manager involved in a construction project in the Bronx, New York. This agreement serves as a blueprint for the smooth operation and successful completion of the project. In this agreement, the owner, who is the party responsible for initiating the project, contracts with the construction manager to oversee and manage the various aspects of the construction process. The construction manager provides expertise, coordination, and guidance throughout the project, ensuring that it meets the owner's expectations and is completed within the agreed-upon timeline and budget. The agreement typically includes a detailed scope of work, which outlines the specific construction services to be provided by the construction manager. This may include tasks such as obtaining permits, coordinating subcontractors, scheduling, quality control, and ensuring compliance with applicable laws and regulations. It also clarifies the limits of the construction manager's authority and specifies any limitations or exclusions. Among the key provisions included in the Bronx New York Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project are: 1. Project Description: This section provides a comprehensive description of the construction project itself, including the location, scope, size, and purpose of the project. 2. Term and Termination: This section outlines the duration of the agreement, specifying the start and end date, as well as the conditions or circumstances that may lead to termination. 3. Compensation: The agreement specifies the method and schedule of payment for the construction manager's services. It may include a lump sum fee, a percentage of the total project cost, or a combination of both. 4. Insurance and Liability: This section details the insurance requirements for both parties, including general liability, worker's compensation, and any additional coverage deemed necessary. It also addresses the allocation of liability between the owner and the construction manager. 5. Change Orders: Inevitably, changes may arise during the construction process. This section outlines the procedure for initiating and approving change orders, including any adjustments to the scope, cost, or timeline. 6. Dispute Resolution: In the event of a disagreement or dispute, this section establishes the process for resolution, such as mediation, arbitration, or litigation. Different types of Bronx New York Agreements between Owner and Construction Manager for Services in Overseeing a Construction Project may vary based on the size and complexity of the project, contractual arrangements, or specific industry requirements. Some variations may include: — Design-Build Agreements: This type of agreement combines the roles of designer and construction manager into a single entity, providing a more streamlined and integrated approach to the project. — Cost-Plus-Fee Agreements: In this arrangement, the construction manager is compensated for their services based on the actual cost of labor, materials, and overhead, plus a predetermined fee or percentage. — Lump Sum Agreements: This type of agreement sets a fixed price for the entire project, regardless of any changes or unforeseen circumstances that may arise during construction. — Guaranteed Maximum Price (GMP) Agreements: Here, the construction manager agrees to complete the project within a predetermined maximum price, providing the owner with cost certainty while assuming the risk of any cost overruns. It is essential for both the owner and the construction manager to carefully review and negotiate the terms of the agreement to ensure a clear understanding of their respective obligations and expectations. Seeking legal counsel is advisable to ensure compliance with local laws and regulations and to protect the interests of both parties involved in the construction project.