Construction Management at Risk

Construction Management at Risk

Construction management at risk (CM@R) project delivery is a method in

which an owner retains a designer to furnish design services and also retains

a construction manager to provide construction management services for a

project throughout the preconstruction and construction phases. These services may include preparation and coordination of bid packages, scheduling,

cost control, value engineering, and construction administration. The construction manager is usually a licensed general contractor and guarantees the

cost of the project (guaranteed maximum price, or GMP). The owner is responsible for the design before a GMP can be set. Unlike DBB, CM@R brings the

constructor into the design process at a stage where they can have definitive

input. The value of the delivery method stems from the early involvement of

the contractor and the reduced liability of the owner for cost overruns.