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A construction management contract is a form of cost plus engagement. This means that the owner pays the actual cost of the project, plus a fee to the construction manager. This is in contrast to a lump sum contract, where the owner pays a fixed price for the entire project.
What is an example of a management contract?
For example, with respect to a bond-financed hospital, a contract to provide management services for the entire hospital, a contract for management services for a specific department of the hospital, and an incentive payment contract for physician services to patients of the hospital are each treated as a Management
What is the CCDC 14 contract?
CCDC 14 is a standard prime contract between the Owner and the Design-Builder where the Design-Builder provides the Design Services and performs the Work under one agreement, for a single, pre-determined stipulated or fixed price.
What is a CCDC 5B contract?
CCDC 5B is a contract between the owner and the construction manager for: (1) advisory services during the pre-construction phase (design development, cost estimates, procurement), (2) construction services (performance of the work), and (3) post-construction services (occupancy review and warranty work).
What is an MC contract?
The Managing Contractor Contract templates provide for the involvement of the contractor at an early stage of the project. The contractor is primarily responsible for the planning, design and delivery of the project, including the engagement of approved subcontractors for major works, medium works and design services.
ccdc 5b
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People also ask
How many types of CCDC contracts are there?
CCDC contracts are ubiquitous in the construction industry. They are used for all manner of different project types and sizes, so much so that familiarity with these documents is almost becoming required to do business in Ontarios construction industry. There are currently around 14 types of CCDC format contracts.
What are construction management contracts?
Construction Management contracts comprise a suite of documents, a Construction Management Appointment (CM/A), and separate Construction Management Trade Contracts (CM/TC). The contract is used where separate contractual responsibility for design, management and construction of the project is desired.
What is the construction management agreement?
A construction management agreement (CMA) outlines and formalizes the distinct roles, duties, and commitments of both parties during the contract period. It also specifies compensation and potential financial responsibilities for both parties.
ccdc 5b contract pdf
Ccdc contracts meaning
Furthermore, the CCDC provides guides for understanding and utilizing specific construction management contracts such as CCDC 5A and CCDC 5B, which serve as.
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