DELIVERING REMARKABLE BUILDINGS SINCE 1959

Construction Management (CM) | At-Risk

Description

CM – At Risk allows the owner to interview and select a fee-based firm to manage construction before the design is complete. The CM works with the architect to develop and estimate the design. A guaranteed maximum price (GMP) is typically provided by the CM, who then receives proposals from—and awards to—various trade subcontractors. The final construction price is the sum of the CM’s fee and the subcontractors’ bids.

Owner Advantages

• Construction firm selected on basis of interview and value/quality versus low bid
• Early CM involvement in estimating & constructability
• Single-point accountability; CM signs all contracts with subcontractors (i.e., At-Risk)
• Enables fast-track delivery (construction begins before design is complete, saving time)
• GMP (if used) eliminates owner concern with cost overruns
• Good for large, complex projects

Owner Disadvantages

• Not suited for small projects