Agreement Bonds Certification Forms Construction Manager at Risk Mobile App
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The Agreement Bonds of Certification Forms Construction Manager at Risk app will provide the details for the agreement between the Trustees and the winning construction manager for the construction project.
How does it work?
The agreement will be made with the state, the Board of Trustees and the contractor chosen for the project. The contract will provide full details about the project, the contractor, and the direct construction cost and the Guaranteed Maximum price. The construction manager will provide and agree to the actual direct construction cost and the guaranteed maximum price including any contingencies including management fee, overhead and profit. The percentage agreed to for the DVBE subcontractors and the amount of the fine to be paid back to the Trustees in the event of a delay must also be noted.
The full agreement with all details about the project, contractor, and sum totals will be signed by the contractor, trustees, facility planner, the budget officer, and General Counsel. The contract will also include the payment bond with the agreed upon amount that the contractor will provide to the trustees and the performance bond guaranteeing that the contractor faithfully performs the agreed upon project construction. Certification of all pages of the agreement will also be included.