Hennepin Minnesota Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project

• Category: Construction - Contractors
• State: Multi-State
• County: Hennepin
• 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 Hennepin Minnesota Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legally binding contract that outlines the terms and conditions of the relationship between the owner and the construction manager during the construction project. It establishes the roles, responsibilities, and expectations of both parties to ensure a smooth and successful project. Some key components of the Hennepin Minnesota Agreement include: 1. Project Scope: The agreement clearly defines the scope and objectives of the construction project, including the specific tasks and deliverables that need to be completed. 2. Compensation: The agreement outlines the payment terms and schedule for the construction manager's services, including the method of calculation and any additional expenses or reimbursements. 3. Duration and Termination: The agreement specifies the start and completion dates of the project, as well as the conditions under which either party can terminate the agreement. 4. Performance Standards: The agreement sets the quality standards and performance expectations for the construction manager, ensuring that all work is completed in compliance with local building codes and regulations. 5. Change Orders: The agreement includes provisions for change orders, which allow for modifications to the original scope of work. It details how change orders will be approved, documented, and compensated. 6. Risk Allocation and Insurance: The agreement addresses the allocation of risks and liabilities between the owner and construction manager. It also requires the construction manager to maintain adequate insurance coverage for the project. 7. Dispute Resolution: The agreement includes provisions for resolving disputes or disagreements that may arise during the project, including mediation, arbitration, or litigation procedures. In addition to the standard Hennepin Minnesota Agreement, there may be various types or variations of this agreement depending on the specific project requirements or circumstances. These variations could include: 1. Lump Sum Agreement: This type of agreement indicates a fixed price for the entire project, where the construction manager agrees to complete the work for a specific sum of money. 2. Cost Plus Fee Agreement: In this agreement, the construction manager is reimbursed for the actual costs incurred during the project, including labor, materials, and overhead expenses, along with a predetermined fee for their services. 3. Design-Build Agreement: This type of agreement combines the roles of the construction manager and designer/architect into a single entity. The construction manager is responsible for overseeing both the design and construction aspects of the project. 4. Integrated Project Delivery Agreement: This agreement establishes a collaborative relationship between the owner, construction manager, and other key project stakeholders, with shared risks and rewards based on project outcomes. It is important for both the owner and the construction manager to carefully review and negotiate the terms of the Hennepin Minnesota Agreement to ensure that their respective rights and obligations are clearly defined and protected throughout the construction project.

The Hennepin Minnesota Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legally binding contract that outlines the terms and conditions of the relationship between the owner and the construction manager during the construction project. It establishes the roles, responsibilities, and expectations of both parties to ensure a smooth and successful project. Some key components of the Hennepin Minnesota Agreement include: 1. Project Scope: The agreement clearly defines the scope and objectives of the construction project, including the specific tasks and deliverables that need to be completed. 2. Compensation: The agreement outlines the payment terms and schedule for the construction manager's services, including the method of calculation and any additional expenses or reimbursements. 3. Duration and Termination: The agreement specifies the start and completion dates of the project, as well as the conditions under which either party can terminate the agreement. 4. Performance Standards: The agreement sets the quality standards and performance expectations for the construction manager, ensuring that all work is completed in compliance with local building codes and regulations. 5. Change Orders: The agreement includes provisions for change orders, which allow for modifications to the original scope of work. It details how change orders will be approved, documented, and compensated. 6. Risk Allocation and Insurance: The agreement addresses the allocation of risks and liabilities between the owner and construction manager. It also requires the construction manager to maintain adequate insurance coverage for the project. 7. Dispute Resolution: The agreement includes provisions for resolving disputes or disagreements that may arise during the project, including mediation, arbitration, or litigation procedures. In addition to the standard Hennepin Minnesota Agreement, there may be various types or variations of this agreement depending on the specific project requirements or circumstances. These variations could include: 1. Lump Sum Agreement: This type of agreement indicates a fixed price for the entire project, where the construction manager agrees to complete the work for a specific sum of money. 2. Cost Plus Fee Agreement: In this agreement, the construction manager is reimbursed for the actual costs incurred during the project, including labor, materials, and overhead expenses, along with a predetermined fee for their services. 3. Design-Build Agreement: This type of agreement combines the roles of the construction manager and designer/architect into a single entity. The construction manager is responsible for overseeing both the design and construction aspects of the project. 4. Integrated Project Delivery Agreement: This agreement establishes a collaborative relationship between the owner, construction manager, and other key project stakeholders, with shared risks and rewards based on project outcomes. It is important for both the owner and the construction manager to carefully review and negotiate the terms of the Hennepin Minnesota Agreement to ensure that their respective rights and obligations are clearly defined and protected throughout the construction project.