What is a construction management agreement

  • What is the construction management contract?

    The basic premise of a Construction Management (CM) Contract is that the Owner, referred to as the 'Principal' under the contract, enters into a contract with a Construction Manager.
    The Construction Manager is responsible for arranging and supervising the performance of work by sub-contractors..

  • On a construction project, contract documents are the group of documents that define the price, conditions, clauses, schedule and scope of the executed work, along with any other job-specific details.
    They can be both written and graphic, and act as a legal definition of the contract.
  • ​​The project management agreement is a legal contract between the client and the contractor.
    It details what each party will do, what each party can expect from one another, and how they will hold each other accountable.

How do I Make my construction management agreement legally binding?

In order to make your Construction Management Agreement legally binding, you and the client will need to sign it.
RocketSign ® makes that easy to do online.
You'll want to make sure that your client has a copy of the final agreement.

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How to engage sub-contractors in a construction management contract?

There are two options for engaging sub-contractors in the project depending on the nature of the Construction management contract.
The first option is where the owner signs individual trade contracts with the sub-contractors.
In this instance, the principal will handle all payments to the sub-contractor for the work done.

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What is a construction management contract?

A construction management contract is one type of Early Contractor Involvement (or ‘ECI’) arrangement, and differs from a traditional lump sum model in a number of respects.
This article explains the basics.
How does a construction management contract work.
Construction management is very different to traditional lump sum contracting.

The Plutonium Management and Disposition Agreement is an agreement between the United States and Russia signed in 2000, wherein both nations agreed to dispose of significant fractions of their excess weapons-grade plutonium.
An amended version was signed in April 2010 and went into effect in July 2011.

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