Oakland Michigan Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legal document that outlines the responsibilities, rights, and obligations of both an owner and a construction manager in a construction project in Oakland, Michigan. This agreement establishes a formal relationship between the two parties involved and serves as a framework for the successful completion of the project. The Oakland Michigan Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project typically includes the following key clauses: 1. Scope of Work: This section defines the specific scope of work to be performed by the construction manager, including project management, scheduling, cost estimation, design coordination, and overall construction oversight. 2. Owner's Responsibilities: This clause outlines the owner's role and responsibilities in the project, such as providing necessary construction documents, permits, and approvals, financing the project, and supplying the necessary resources. 3. Construction Manager's Responsibilities: Here, the roles and responsibilities of the construction manager are outlined, including managing subcontractors, coordinating with architects and engineers, maintaining project schedules, and ensuring quality control and safety compliance. 4. Project Schedule: This section establishes a timeline for the construction project, including key milestones, completion dates, and any liquidated damages or incentives related to timely project completion. 5. Compensation: This clause outlines the payment terms and conditions for the construction manager, including the method and frequency of payments, reimbursable expenses, and any provisions for change orders or additional work. 6. Insurance and Indemnification: This section specifies the insurance coverage required by both parties, such as liability insurance and workers' compensation, and establishes indemnification provisions to protect each party from potential legal claims. 7. Dispute Resolution: In case disputes arise during the project, this clause establishes the procedures for resolving conflicts, including mediation, arbitration, or litigation. 8. Termination: This section outlines the conditions and procedures for terminating the agreement, such as breach of contract, failure to perform, or changes in project scope. The Oakland Michigan Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project may have variations or specific names depending on the nature of the project or additional contractual arrangements. For instance: 1. Design-Build Agreement: In a design-build project, where the construction manager is responsible for both design and construction, a separate agreement may be used to address the additional design responsibilities. 2. Cost-Plus-Fee Agreement: This type of agreement involves the construction manager being reimbursed for actual costs incurred, plus an agreed-upon fee or percentage of costs as compensation. 3. Lump Sum Agreement: In a lump-sum agreement, the construction manager provides a fixed price for the entire project, including all construction-related services. 4. Guaranteed Maximum Price (GMP) Agreement: This contract type sets a maximum price for the project, and if the actual costs are below the agreed GMP, the owner realizes the savings. In conclusion, the Oakland Michigan Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a crucial legal document that defines the terms, roles, and responsibilities of both parties involved, ensuring a smooth and successful construction process in compliance with relevant regulations and laws.
Oakland Michigan Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project
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FAQ
Management Contracting is a form of construction procurement where the Client for a project employs different Subcontractors directly. The Client has a Main Contractor in place that is responsible for managing the Subcontractors, but is not in contract with them in the same way as with traditional procurement.
Construction management is the process of planning, coordinating and providing monitoring and controlling of a construction project. Construction management includes five stages: design, pre-construction, procurement, build, and owner occupancy.
A principal contractor must plan, manage, monitor and coordinate health and safety during the construction phase of a project involving, or likely to involve, more than one contractor.
See also: Management contracting - pros and cons. Management contracting differs from construction management in that management contractors contract works contractors direct, whereas construction managers only manage the trade contracts, the contracts are placed by the client.
It is the owner's responsibility to provide complete and accurate relevant data, as may become necessary for correct installation of the work. The contractor is typically responsible for the correct layout and execution of the work.
Management contracts are legal agreements that enable one company to have control of another business's operations. Business owners often sign these written agreements directly with the management company.
Contract management is the process of handling and carrying out a contract's obligations for vendors, clients, employees or others. Some everyday examples of contracts include apartment leases, employment and terms of use for software.
Project managers oversee the planning and delivery of construction projects. They ensure that work is completed on time and within budget. They organise logistics, delegate work and keep track of spending.
Project managers play the lead role in planning, executing, monitoring, controlling, and closing out projects. They are accountable for the entire project scope, the project team and resources, the project budget, and the success or failure of the project.
AS 4000 is a type of construction contract used for construction projects in Australia. As it is considered to only be the general conditions of the contract, AS 4000 is intended to be used ancillary to a formal instrument of agreement or certain documentation.