Construction Management Agreement Contingency Transfer Approval - Lee County, Florida

Construction Management Agreement Contingency Transfer Approval is a legal document that was released by the Procurement Management Department - Lee County, Florida - a government authority operating within Florida. The form may be used strictly within Lee County.

FAQ

Q: What is a Construction Management Agreement?A: A Construction Management Agreement is a contract between the owner of a construction project and a construction management company, outlining the roles, responsibilities, and terms of the project.

Q: What is a contingency transfer approval?A: Contingency transfer approval refers to the process of reallocating or transferring funds from one budget category to another within a construction project's contingency reserve.

Q: Why is contingency transfer approval necessary?A: Contingency transfer approval is necessary to ensure that any changes or unforeseen expenses in a construction project can be adequately addressed and funds can be allocated appropriately.

Q: Are contingency transfer approvals specific to Lee County, Florida?A: While the specific name may vary depending on the jurisdiction, the concept of contingency transfer approvals exists in construction projects across various regions.

Q: What is the purpose of a construction management agreement?A: The purpose of a construction management agreement is to establish the responsibilities, obligations, and scope of work between the owner and the construction management company to ensure a successful project outcome.