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CONSTRUCTION MANAGERATRISKAGREEMENT BETWEEN THE UNIVERSITY OF HOUSTON SYSTEM AND CONSTRUCTION MANAGERCONTRACT NO.PROJECT NO.******************************************************************************This
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How to fill out construction manager-at-risk agreement

01
Identify the project scope and objectives.
02
Outline the responsibilities of the construction manager.
03
Define the fee structure, including base fees and potential incentives.
04
Establish timelines and key milestones.
05
Include clauses for risk management and liability.
06
Specify performance standards and quality control measures.
07
Detail the payment schedule and terms.
08
Incorporate provisions for dispute resolution.
09
Review legal requirements and ensure compliance.
10
Have both parties review and sign the agreement.

Who needs construction manager-at-risk agreement?

01
Construction managers overseeing large-scale projects.
02
Property owners looking to minimize construction risks.
03
Developers managing complex projects with multiple stakeholders.
04
Contractors seeking structured agreements for accountability.
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A construction manager-at-risk agreement is a contractual arrangement where the construction manager commits to delivering the project within a specified budget, taking on the risk for any cost overruns.
Typically, the entity undertaking the construction project, such as a developer or owner, is required to file the construction manager-at-risk agreement.
To fill out a construction manager-at-risk agreement, include details such as project scope, budget, timelines, roles and responsibilities, terms of compensation, and any specific provisions relating to risk management.
The purpose of a construction manager-at-risk agreement is to establish a clear framework for collaboration between the owner and the construction manager, ensuring accountability for cost and schedule management.
Information that must be reported includes project description, budget estimates, timelines, payment schedules, and any risk management plans.
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