Arkansas Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project
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FAQ
Construction cost management is a fee-based service in which the construction manager (CM) is responsible exclusively to the owner, acting in the owner's interests at every stage of the project.
Construction management contract means a contract in which a party is retained by the owner to coordinate and administer contracts for construction services for the benefit of the owner, and may also include, if provided in the contract, the furnishing of construction services to the owner.
A construction manager can become a civil engineer with some additional education and training. While both careers involve overseeing construction projects, civil engineers work offsite, where they design the project's initial planning and blueprints and give directions to construction managers.
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.
'Contract' as the term specifies is an agreement between two parties in general. In project management, it's a formal agreement between a buyer and a seller (more often referred to as supplier). The agreement is made to procure goods and services required for the agreed project.
In any construction project there are three main parties involved: the owner or client, the management team, and the contractor. The building contractor plans and coordinates construction activities, and must complete the project within the established time and budget.
The role of the owner on a construction project is to develop the program for the building, define the scope of the project, create the budget, and provide the funding for the project.
Site managers are responsible for ensuring that a construction project is completed on time and within budget. Alternative job titles for site managers include construction manager, project manager and site agent. Site managers work on construction sites and work often begins just before construction.
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.
Construction Manager responsibilities include:Overseeing and directing construction projects from conception to completion.Reviewing the project in-depth to schedule deliverables and estimate costs.Overseeing all onsite and offsite constructions to monitor compliance with building and safety regulations.
