Standard Operation and Maintenance Agreement
The first and only industry standard form contract in construction which allows a procuring entity to designate an Operations and Management Contractor (O&M), for an Owner to procure standalone O&M services.
This standard agreement is a ConsesusDocs exclusive document addressing Construction post completion. A unique feature of this agreement is that it allows for a flexible one-to-five-year agreement period for which bonds may be provided to meet the challenges of a project with an extended period of performance. The general conditions of this document include the responsibilities allocated to each party and address critical construction law contract issues. The contract issues include: the parties relationship and responsibilities to each other, contract time and date, scope of the work, payment, indemnification (defend and hold harmless against all losses), insurance and bond, termination for convenience, termination for cause, claims and notice, waiver of consequential damages, dispute resolution and mitigation, choice of law, venue, and much more. The included construction law contract issues are fair for all parties involved. Parties can modify the terms of the agreement for their individual project needs and state law requirements.Purchase Options