Construction Manager as Advisor Agreement
Construction Manager As Advisor Agreement: What You Need to Know
Construction projects can be complex and overwhelming. From planning to execution, there are many factors to consider. As such, it is important to have a construction manager on board who can help oversee the project. But what exactly is a Construction Manager as Advisor (CMA) agreement, and how can it benefit your project?
In simple terms, a Construction Manager as Advisor agreement is a contract between a project owner and a construction manager. The agreement outlines the responsibilities of the construction manager in providing advice and assistance throughout the construction process. This type of agreement is often used in projects where the owner wants to have more control over the project, but still needs guidance and expertise from a construction professional.
The CMA agreement typically includes a scope of services, compensation, and a timeline for the construction manager`s involvement. The scope of services outlines the specific duties that the construction manager will perform. This can include tasks such as reviewing design documents, coordinating with contractors and subcontractors, and overseeing the construction process to ensure that it is completed on time and within budget.
Compensation for the construction manager is usually based on a fixed fee or a percentage of the total construction cost. The timeline for the construction manager`s involvement can vary depending on the project`s complexity, but is typically set for a specific duration of time.
So, why should you consider a Construction Manager as Advisor agreement for your project? Here are some of the key benefits:
1. Expertise: A construction manager brings a wealth of knowledge and experience to a project. They can provide valuable advice and guidance on issues such as scheduling, budgeting, and quality management.
2. Cost Savings: A construction manager can help identify areas where cost savings can be made. By keeping a close eye on the budget and ensuring that the project stays on track, a construction manager can help prevent costly delays and mistakes.
3. Reduced Risk: A construction manager can help identify and mitigate potential risks before they become major issues. This can help prevent costly legal disputes and delays.
4. Improved Communication: By serving as a liaison between the owner, contractors, and subcontractors, a construction manager can help ensure that everyone is on the same page. This can help prevent misunderstandings and delays.
In conclusion, a Construction Manager as Advisor agreement can be a valuable tool for any construction project. By providing expertise, cost savings, reduced risk, and improved communication, a construction manager can help ensure that your project is completed on time, within budget, and to the highest standards of quality. If you`re considering a construction project, be sure to explore the benefits of a CMA agreement.