Construction Management Contract

This Construction Management Contract ("Contract") is entered into on the 22nd day of March 2050, by and between: [Owner's Name], with a mailing address of [Owner's Address], hereinafter referred to as the "Owner", and [Your Company Name], with a mailing address of [Your Company Address], hereinafter referred to as the "Construction Manager".

1. Scope of Work

• The Owner hereby engages the Construction Manager to provide construction management services for the project located at [Project Address]. The scope of work shall include but is not limited to:

  • Overseeing and coordinating all aspects of the construction project, including planning, scheduling, budgeting, and quality control.

  • Hiring and supervising subcontractors and vendors necessary for the completion of the project.

  • Monitoring project progress and ensuring adherence to the project timeline and budget.

  • Facilitating communication and collaboration between all parties involved in the project.

2. Responsibilities of the Construction Manager

• The Construction Manager agrees to perform the services outlined in the Scope of Work with due diligence, and professionalism, and by industry standards and applicable laws and regulations.

• The Construction Manager shall provide regular updates and reports to the Owner regarding project status, including any issues or delays encountered and proposed solutions.

• The Construction Manager shall exercise reasonable care and skill in the selection and supervision of subcontractors and vendors to ensure the quality and timely completion of work.

• The Construction Manager shall maintain appropriate insurance coverage, including but not limited to liability insurance, workers' compensation insurance, and professional indemnity insurance, throughout the project.

3. Responsibilities of the Owner

• The Owner agrees to provide the Construction Manager with access to the project site and necessary project-related information promptly.

• The Owner shall promptly review and approve project plans, specifications, and change orders as required.

• The Owner shall make payments to the Construction Manager by the payment schedule outlined in Section 5 of this Contract.

• The Owner shall promptly notify the Construction Manager of any changes to project requirements, scope, or timeline that may impact the performance of the Construction Manager's duties.

4. Compensation:

• In consideration of the services provided by the Construction Manager, the Owner agrees to pay the Construction Manager a fee of $50,000 for the duration of the project, payable as follows:

  • 25% upon signing of this Contract

  • 25% upon completion of foundation work

  • 25% upon completion of framing

  • 25% upon completion and inspection

• The Owner shall reimburse the Construction Manager for any reasonable and documented expenses incurred in the performance of the services outlined in this Contract, subject to prior approval by the Owner.

5. Term and Termination

• This Contract shall commence on the 1st day of April 2050 and shall continue until the completion of the construction project, unless earlier terminated as provided herein.

• Either party may terminate this Contract upon written notice to the other party in the event of a material breach of any provision of this Contract by the other party, subject to a cure period of 30 days.

• In the event of termination, the Owner shall pay the Construction Manager for all services rendered up to the date of termination, as well as any reimbursable expenses incurred by the Construction Manager before termination.

6. Governing Law

• This Contract shall be governed by and construed by the laws of [State], without regard to its conflict of law provisions.

7. Entire Agreement

• This Contract constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether oral or written.

IN WITNESS WHEREOF, the parties hereto have executed this Contract as of the date first above written.

[Owner's Name]

[Date Signed]

[Your Company Name]

[Date Signed]

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