SAVCON

Master Service Agreement

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

What is typically included in an MSA?

An MSA includes terms regarding 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 issued on a per-project basis.

The Benefits of a 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 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 Service Agreement by SavCon

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 single-project contracts. The long-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

WE ARE THE CHANGE YOU NEED TO BUILD YOUR PROJECT


New York Office
430 Park Avenue 12th Floor
New York, NY 10022

South Florida Office
320 Pine Street
West Palm Beach, FL 33407

© COPYRIGHT – SAVCON

GENERAL TERMS & CONDITIONS | PRIVACY POLICY | DISCLAIMER