Thread: PM Contracts?
View Single Post
  #3 (permalink)  
Old 07-03-2008, 12:02 AM
agla's Avatar
agla agla is offline
Gold Oak Member
 
Join Date: Feb 2003
Location: Cape Cod
USDA Zone 6
Posts: 1,325
agla is on a distinguished road
It is just like any other contract. Describe what your scope of work is - what you will do and what you are not going to do, who is going to pay you, how much you are going to be paid (hourly, flat fee, or percentage), payment schedule, your responsibilities,
the subcontractors responsibilities, and the clients responsibilities.

You should be more detailed in things you need to be reimbursed for, hourly rates for services beyond the scope of work, how you will handle inspections, change orders, project accounting, claims and disputes, mediation, arbitration, payment to subs, and termination or suspension to name a few.

It is a big responsibilty. It can go smoothly or it can be pretty rough. It is not simply hiring subs and collecting money. You have to be prepared to reject work and hold payment back from your subs who can be pretty hardnosed tough guys. You have to be able to get the money out of the client who can be pretty hardnosed jerks at times as well.
__________________




Cape Cod Landscape Architect
Reply With Quote