Construction Management Agreements

LA 1377 Pro-Owner Construction Management Agreement For Development Of Shopping Center

This construction management agreement is for the engagement of a professional construction management firm to supervise the development of a large shopping center on behalf of the owner.

The agreement is pro-owner in tone, and specifies the compensation to be paid to the manager as a percentage of the development costs of the new center.  The agreement also sets forth in considerable detail the management and development services the manager must provide during the term of the engagement.  The agreement does not include leasing duties for the manager, which would have to be provided by separate agreement.

Number of Single Spaced Pages: 20

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LA 753 Master Property Management, Leasing And Construction Management Agreement For Portfolio Of Income Producing Properties

This master property management, leasing, and construction management agreement is for the engagement of a professional management firm to supervise the operations of a large portfolio of income producing properties on behalf of the owner.

The agreement is pro-owner in tone, and specifies the duties of the manager in detail. The manager is required to collect rentals, perform the duties of the landlord under the leases in the portfolio, conduct building inspections, perform necessary maintenance, make expenditures consistent with approved budgets for the properties, hire needed personnel, handle banking matters, supervise accounting, and so forth. The manager is also responsible for supervision of construction on the properties.

The property management fee to be paid to the manager is a percentage of the gross monthly income.  The manager is also paid leasing commissions and a construction management fee. The agreement also sets forth in considerable detail the construction services the manager must provide during the term of the engagement.

Number of Single Spaced Pages: 25

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LA 527 Pro-Owner Construction Management Agreement For Manufacturing Plant Facility

This construction management agreement is for the engagement of a professional construction manager to supervise the development of a large manufacturing plant on behalf of the owner. The agreement contemplates a guaranteed maximum price for the construction project.

The agreement is pro-owner in orientation, and specifies the duties of the construction management firm in detail. The construction management fee is stipulated as a percentage of the guaranteed maximum price for the project subject to a maximum fee amount.

The construction manager is obligated to work with the project architect who will produce the plans and specifications for the project (to be attached as an exhibit to this agreement), and must cooperate with the lender who will finance the construction of the plant.

The agreement covers the scope of work, reimbursable and non-reimbursable costs, work schedule and early occupancy, phased construction, applications for payment, default, trade contractors, insurance requirements, and change orders, as well as numerous other issues relating to the construction.

Number of Single Spaced Pages: 65

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