Across the country, more companies, governments and private sector clients are turning to Construction Management at-Risk (CM at-risk) for their projects. CM at-risk is a cost effective and time conscious alternative to the traditional design-bid-build process.
Advantages of Construction Management at-Risk:
Construction Management At-Risk is a process that allows the client to engage the services of a Construction Manager before the design stage is complete. Once the CM is on board, the entire operation is centralized. The architect and CM work together in order to cultivate and value engineer the design. Then the CM gives the client a realistic budgeted price based on subcontractor pricing and coordinates all subcontract work from that point on as the clients General Contractor.
Proponents have cited many advantages to construction management at-risk over traditional methods of procurement.
These advantages are:
Construction Management At-Risk is a process that allows the client to engage the services of a Construction Manager before the design stage is complete. Once the CM is on board, the entire operation is centralized. The architect and CM work together in order to cultivate and value engineer the design. Then the CM gives the client a realistic budgeted price based on subcontractor pricing and coordinates all subcontract work from that point on as the clients General Contractor.
Proponents have cited many advantages to construction management at-risk over traditional methods of procurement.
These advantages are:
- Increases the speed of the project and can also strengthen coordination between the architect/engineer and the construction manager.
- The ability of designers and contractors to overlap activities results in faster project delivery.
- The client hires the construction manager based on qualifications, thus better ensuring a construction manager with a strong allegiance to the client, because their business relies on references and repeat work.
- Construction managers, architects, engineers, and the client all collaborate. This creates enhanced synergies throughout the process.
- Transparency is enhanced, because all costs and fees are in the open, which diminishes adversarial relationships between components working on the project, while at the same time eliminating bid shopping.
- We provide for early contractor input and that helps ensure projects come in on budget and on schedule.
