Construction Manager At Risk Delivery Method
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While most of our clients prefer the Owner's Representative and Construction Manager As Owner's Advisor delivery methods, we still work with a number of clients in the role of Construction Manager At Risk.
What Is A Construction Manager At Risk?
A Construction Manager At Risk empowers you to complete your commercial construction project within a defined budget.
A Construction Manager At Risk (CMR) is similar to Construction Manager As Owner's Advisor (CMA) process with respect to the services provided. This often includes developing, managing, and monitoring the project construction schedule, managing the cost control, providing supervision conducting all daily job duties including monitoring of quality and safety control, which can include self-performing certain trade work, all for a lump sum amount.
The primary difference of note is that the CMR entails the commitment of a guaranteed maximum price (GMP) for your commercial construction project. This method helps ensure a client stays within the defined budget based upon a list of specific criteria included in the GMP as negotiated with the owner and design team. The cost of the services provided by the CMR is clearly defined and the CMR is at risk to contract directly with the subcontractors and suppliers.