A construction operating agreement is a document that is drafted when an organization gives the responsibility of the operations of the construction site owned by them to a service provider. The agreement is a type of contractual undertaking between the owner and the service provider. The agreement is a proof that the service provider is responsible for all aspects of the construction process of the project.

There are various information mentioned in the agreement which are as follows:

  • The details of the services to be provided by the service provider to the owner.
  • The quality of service that the owner can expect from the service provider.
  • The process in which the service provider will deliver the services.
  • The fee that the owner needs to the service provider for availing their services.
  • The effective date of the agreement.
  • The schedule of the construction process.
  • The terms under which any modification can be made in the agreement.
CONSTRUCTION OPERATING AGREEMENT

CONSTRUCTION OPERATING AGREEMENT

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