SAVCON

Master service agreement

Basically, a master service agreement, or MSA, is a generic contract that two parties negotiate and sign before potential work comes up. It’s usually sent before undertaking multiple projects or ongoing work and sets the general terms of the relationship going forward.

What does an MSA include?

An MSA includes terms about payment processing, insurance requirements, warranties, risk allocation, dispute resolution, termination, and other standard contract clauses. It doesn’t include specific information about a project or the scope of work to be performed. Those specific terms are usually addressed in a work order, statement of work, or addendum that is issued on a per-project basis.

The benefits of an Master Service Agreement

MSAs are beneficial for both contractors and project owners because they improve the efficiency of getting a contract together: Terms only have to be reviewed and negotiated once instead of multiple times. It also helps build a relationship between the parties — although, an owner is not required to use a contractor they have an MSA with. MSAs are not guarantees of work. Owners can choose to go to contract with whomever they want.

Master Services Agreement by Savon

This is an indefinite-delivery, indefinite-quantity (IDIQ) project delivery method which means that multiple construction projects can be completed over the life of one long-term contract, as opposed to the single-project contracts. The longtermlong-term contract makes MSA an ideal choice for owners who complete a high volume of construction projects over the course of each year. We have clients who utilize this delivery method to complete a multitude of fit-outs inside one building.

Let’s work together TO BUILD YOUR DREAM PROJECT TO DESIGN YOUR PROJECT ON TIME AND UNDER BUDGET TO CREATE VALUE THROUGH DISRUPTIVE INNOVATION TO UNDERSTAND YOUR CONSTRUCTION NEEDS TO BUILD A LASTING RELATIONSHIP SO WE CAN MAKE YOUR CONSTRUCTION NEEDS A REALITY

BUILDERS WITH AN OWNER’S PERSPECTIVE


Headquarters
104 West 40th St – 17th Floor
New York, NY 10018

South Florida Division
1919 N. Flagler Dr. Suite 200
West Palm Beach, Florida 33407

© COPYRIGHT – SAVCON

GENERAL TERMS & CONDITIONS | PRIVACY POLICY | DISCLAIMER