When it comes to construction projects, having a solid agreement in place between the owner and the construction manager is crucial. The AIA construction manager agreement is one such document that outlines the roles and responsibilities of both parties, as well as the project scope, budget, and timeline.
AIA stands for the American Institute of Architects, an organization that has created standardized contracts for the construction industry. The AIA construction manager agreement is one of these contracts and is designed specifically for projects where the owner hires a construction manager to oversee the entire process.
The agreement is typically used for projects that are larger in scope and require more planning and oversight than a typical construction project. It is also used when the owner does not have the expertise or resources to manage the project themselves.
The AIA construction manager agreement outlines the specific services that the construction manager will provide, such as:
– Pre-construction services such as cost estimating, scheduling, and design review
– Construction services such as project management, coordination of subcontractors, and quality control
– Post-construction services such as project closeout and warranty administration.
The contract also includes provisions for the construction manager`s compensation, which is often a fee based on a percentage of the total project cost. It also outlines the budget and payment schedule for the project, as well as any penalties or incentives for meeting certain milestones or finishing the project on time and within budget.
Another important aspect of the AIA construction manager agreement is risk allocation. The contract defines the risks that each party is responsible for and outlines the procedures for resolving any disputes or claims that may arise during the project. This helps to minimize the likelihood of costly delays or lawsuits down the line.
One of the benefits of using the AIA construction manager agreement is that it is a standardized document that has been thoroughly vetted and updated over time. This means that both the owner and the construction manager can be confident that the terms of the agreement are fair and equitable.
In conclusion, the AIA construction manager agreement is a critical document for any construction project where a construction manager is being hired to oversee the process. By clearly outlining the roles and responsibilities of each party, as well as the project scope, budget, and timeline, the agreement helps to ensure that the project is completed on time, within budget, and to the satisfaction of all parties involved.