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AGREEMENT FOR CONSTRUCTION MANAGEMENT SERVICES BETWEEN THE REGENTS OF THE UNIVERSITY OF MICHIGAN AND PART 1: INDUCEMENT; BASIC AGREEMENT....................................................................

How to fill out agreement for construction management

How to fill out an agreement for construction management:

1. Begin by clearly identifying the parties involved in the construction management agreement. This includes the construction management company or individual and the client or property owner.
2. Specify the scope of work to be carried out by the construction management company. This may include tasks such as budgeting, scheduling, procurement of materials and labor, overseeing the construction process, and ensuring adherence to safety and quality standards.
3. Clearly define the duration of the agreement. This includes the start date and end date of the construction management services. It's important to establish the expected timeline for the project and any provisions for extensions or early termination.
4. Outline the compensation and payment terms. Specify the fees or rates charged by the construction management company for their services. This can be based on a fixed fee, percentage of the total project cost, or hourly rates. Include information about any additional costs that may be incurred during the project.
5. Define the responsibilities and obligations of each party. This includes the duties of the construction management company, such as coordinating with contractors and subcontractors, managing permits and documentation, ensuring compliance with building codes, and providing regular progress reports to the client.
6. Include provisions for dispute resolution. Outline the procedures to be followed in case of any disagreements or conflicts during the construction process. This may involve mediation, arbitration, or litigation.
7. Address insurance and liability considerations. Specify the insurance coverage required by both parties and determine who will be responsible for any damages, accidents, or injuries that occur during the construction project.
8. Include any additional clauses that may be relevant to the specific project or industry. This can include confidentiality agreements, intellectual property rights, termination clauses, or any other terms that are important to both parties.

Who needs an agreement for construction management?

1. Property owners or clients who are engaging the services of a construction management company to oversee their construction project.
2. Construction management companies who want to establish a clear and legally binding agreement with their clients, detailing the scope of work, responsibilities, and compensation terms.
3. Contractors or subcontractors who may enter into a separate agreement with the construction management company, outlining the specific tasks and obligations for their involvement in the project.

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