Construction Management At-Risk Fundamentals
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Understand how CMAR can control and improve cost and schedule as well as allocate and reduce risks.As construction projects become more complex, risk increases for owners, contractors, engineers and architects. The ultimate risks lie in the delivery method, contract and project execution and administration. Owners and contractors still struggle with the best project delivery method and contract. This topic will help stakeholders understand whether CMAR or another method is best for their project. This material explains how CMAR can control and improve cost and schedule as well as allocate and reduce risks; it will also discuss how to avoid potential pitfalls along the way. This information will help you to understand and execute the delivery method that results in mutual benefits and satisfaction for project stakeholders.
AuthorsScott A. Beisler, Ankura Consulting Robert Sasson, Ankura Consulting
What Is Construction Management at Risk (CMAR)?
- Construction Manager Operates as the General Contractor
- Holds Single Contract With Owner/Agency and All Subcontracts With Trades
- Differences With Design-Bid-Build (DBB) and Lump Sum (Design-Build)
What Are the Benefits and Risks of CMAR Project Delivery?
- Benefits: Control of Scope, Budget and Schedule
- Risks: Meeting the Budget and Schedule - Claims May Be Filed
- Common Myths and Pitfalls of CMAR
How Is the CMAR Project Delivery Method Executed?
- CM Works With Owner/Agency During Design
- CM Converts to General Contractor During Construction Phase
- Interfaces With Owner/Agency and Manages Subcontractors Through Closeout
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