Construction Agreement Between Client And Contractor

15. září 2021 | Vít Zemčík | Nezařazené | Sdílet na Facebooku

The difference between this type of contract, which is a cost-based contract with a fixed-price contract, lies in the fact that, in the maximum guaranteed price (GMP), where savings result from below-the-stroke costs, it would be an agreed price contract, and the contractors retain for themselves the savings resulting from the undercutting of costs and there is no obligation for them: return them to the owners. Nevertheless, this savings can be shared by both the contractor and the owner. [12] There is another difference in the status of the plans. The lump sum contract can be used if the owner has a complete set of plans, specifications, etc., otherwise the maximum guaranteed price (GMP) will be taken into account preferably to compensate for this shortcoming. When cost-plus is used, it is best for the owner to determine the maximum guaranteed price in order to avoid other costs and contractors needed to provide the primary input to the owner on the project costs. [13] A cost plus contract stipulates that a customer agrees to reimburse a construction company for construction costs such as labor, material and other costs, plus an additional payment, normally indicated as a percentage of the total contract price. (a) all materials and finishes must be the best of each kind and must be described in the schedules; The architect`s decision on the prices, quantity and sufficient quality of the materials and transformation is final and binding on the contractor. The specific brands mentioned in accordance with the attached schedule. This type of construction contract is an alternative to fixed-price contracts. It allows flexibility and transparency for the owner and reduces the risk for a contractor, because a Cost Plus construction contract guarantees them a profit.

11. If the owner decides to provide the necessary building materials, the cost of those materials shall be credited to him and the value deducted from the immediately subsequent current invoice. One. The contractor is responsible for purchasing and maintaining appropriate insurance for the construction. Choose the project budget and decide when to start construction. For those who live in the northern regions of the United States, it may be better to carry out construction during the summer months, as the costs are more affordable. Budgeting is the best way to meet with an architect, designer or project manager to determine what can be done and what materials are available. The owner should be able to perform the work performed by the developer and require modifications according to his needs. The contractor is obliged to deliver the goods and products by contract. There should be communication between the owner and the contractor so that the project is carried out without problems. c) Notwithstanding point 12 b) above, the architect may authorize in writing, with the prior written permission of the owner, the maintenance of such defective materials and / or works with the agreement of the owner, and he must set the lower prices or prices that they deem reasonable and that are binding on the contractor.

20. In the event of a dispute or dispute between the owner and the contractor, the architect`s decision is binding on both parties. 11. Any dispute or dispute concerning the specifications, drawings, drawings and quality of the treatment or material used at work, or any other matter arising out of or in connection with the contract, project, drawings, specifications, orders or any other element related to the contract or the performance of the work; whether during the progress of the work or after its completion or task, two arbitrators, one of whom is to be appointed by each of the parties, shall be referred to the single arbitration. . . .

Komentáře jsou uzavřené.