Chicago Illinois Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project

• Category: Construction - Contractors
• State: Multi-State
• City: Chicago
• 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. Chicago Illinois Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legal document that outlines the terms and conditions of the partnership between an owner and a construction manager. This agreement is specifically tailored for construction projects in the city of Chicago, Illinois. The purpose of this agreement is to establish the roles and responsibilities of both parties, ensuring a smooth and successful construction project. It defines the scope of work, project milestones, and payment terms. The agreement also includes provisions for dispute resolution and termination clauses. Some key elements that are typically included in a Chicago Illinois Agreement between Owner and Construction Manager are: 1. Scope of Work: This section outlines the specific tasks and duties that the construction manager will undertake. It includes details such as pre-construction services, site analysis, project scheduling, and cost estimation. 2. Project Timeline: The agreement will specify the project start date, completion date, and any significant milestones that need to be achieved. It may also include provisions for extensions or adjustments to the timeline due to unforeseen circumstances. 3. Compensation and Payment Terms: This section details how the construction manager will be compensated for their services. It includes information on the fee structure, billing cycle, and any additional costs or reimbursable expenses. 4. Change Orders: The agreement will outline the process for handling any changes or modifications to the original project scope. It includes provisions for requesting, approving, and documenting change orders to ensure transparency and accountability. 5. Insurance and Liability: This section outlines the insurance requirements for both the owner and the construction manager. It includes provisions for general liability insurance, workers' compensation coverage, and any additional insurance specific to the project. 6. Dispute Resolution: In case of any conflicts or disagreements, this section provides guidance on how disputes will be resolved. It may include provisions for mediation, arbitration, or litigation. 7. Termination: The agreement will include provisions for terminating the contract prematurely. It outlines the rights and obligations of both parties in the event of termination and may include provisions for compensation or penalties. Different types of Chicago Illinois Agreements between Owner and Construction Manager may vary based on the specific requirements and complexities of the construction project. For instance, there could be agreements designed for residential construction projects, commercial projects, or public infrastructure projects. Each variation will have unique specifications tailored to the nature and scale of the project. In conclusion, a Chicago Illinois Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a crucial legal document that ensures a mutually beneficial partnership between the owner and the construction manager. It provides clear guidelines for the project's execution, payment terms, dispute resolution, and termination, safeguarding the interests of both parties involved.

Chicago Illinois Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legal document that outlines the terms and conditions of the partnership between an owner and a construction manager. This agreement is specifically tailored for construction projects in the city of Chicago, Illinois. The purpose of this agreement is to establish the roles and responsibilities of both parties, ensuring a smooth and successful construction project. It defines the scope of work, project milestones, and payment terms. The agreement also includes provisions for dispute resolution and termination clauses. Some key elements that are typically included in a Chicago Illinois Agreement between Owner and Construction Manager are: 1. Scope of Work: This section outlines the specific tasks and duties that the construction manager will undertake. It includes details such as pre-construction services, site analysis, project scheduling, and cost estimation. 2. Project Timeline: The agreement will specify the project start date, completion date, and any significant milestones that need to be achieved. It may also include provisions for extensions or adjustments to the timeline due to unforeseen circumstances. 3. Compensation and Payment Terms: This section details how the construction manager will be compensated for their services. It includes information on the fee structure, billing cycle, and any additional costs or reimbursable expenses. 4. Change Orders: The agreement will outline the process for handling any changes or modifications to the original project scope. It includes provisions for requesting, approving, and documenting change orders to ensure transparency and accountability. 5. Insurance and Liability: This section outlines the insurance requirements for both the owner and the construction manager. It includes provisions for general liability insurance, workers' compensation coverage, and any additional insurance specific to the project. 6. Dispute Resolution: In case of any conflicts or disagreements, this section provides guidance on how disputes will be resolved. It may include provisions for mediation, arbitration, or litigation. 7. Termination: The agreement will include provisions for terminating the contract prematurely. It outlines the rights and obligations of both parties in the event of termination and may include provisions for compensation or penalties. Different types of Chicago Illinois Agreements between Owner and Construction Manager may vary based on the specific requirements and complexities of the construction project. For instance, there could be agreements designed for residential construction projects, commercial projects, or public infrastructure projects. Each variation will have unique specifications tailored to the nature and scale of the project. In conclusion, a Chicago Illinois Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a crucial legal document that ensures a mutually beneficial partnership between the owner and the construction manager. It provides clear guidelines for the project's execution, payment terms, dispute resolution, and termination, safeguarding the interests of both parties involved.