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Construction Management at Risk (CMc) |
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The owner has a separate contract with the CM at-Risk and another directly with the designer. The constructor, referred to as the CM at-Risk, typically provides preconstruction services, holds the trade contracts, takes responsibility for the performance for the work, and guarantees the construction costs and schedule. The CM at-Risk also serves as the general contractor assuming the risk of the performance, either by its own crews or by specialty contractors and suppliers. |
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| Advantages |
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The architect and contractor collaborate throughout the entire process |
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Cost estimates are created at critical stages of design |
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Time frame for design, bid, and construction are reduced |
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Can use a guaranteed maximum price |
| Disadvantages |
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Exact cost of project is not known before construction begins |
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