Construction Management (CM) is a delivery method which entails a commitment by the construction manager to deliver the project within a Guaranteed Maximum Price (GMP). The construction manager acts as a consultant to the owner in the development and design phases (preconstruction services), and as a general contractor during construction. When a construction manager is bound to a GMP, the fundamental character of the relationship is changed. In addition to acting in the owner’s best interest, the construction manager must control construction costs to stay within the GMP.
Construction Management @ Risk (CM@R)
UNDERSTANDING THE RISKS OF CONSTRUCTION MANAGEMENT (CM)
Ask a roomful of designers to define “construction management” (CM) and you’ll likely get a roomful of definitions. While the term generally relates to some degree of responsibility for reviewing or overseeing construction, CM services are performed in many different ways and they continue to evolve. Work scopes are tailored to meet a variety of owner needs depending on project type and delivery method.
Construction management is now being offered by more and more design professionals. Still, determining professional and contractor liabilities associated with these continuously evolving services remains difficult. In this article we’ll take a look at the general types of construction management, the risks involved and ways of managing those risks.
TYPES OF CM
A design professional can be involved in the CM process in two main ways – as a CM – Advisor or as a CM – Constructor (CM – at Risk). A third way – as a CM – Agent – is rarely seen.
Universal Technology Solutions will assist the owner throughout the design process by teaming with an architect / engineer that is experienced in design of the type of structure the client needs. In this type of contract, the construction team (known as the design-builder) is responsible for taking the owner’s concept and completing a detailed design approved by the owner and then proceeding with construction. This method is also beneficial for projects that have a tight construction timeline. In this type of contract, the construction team (known as the design-builder) is responsible for taking the owner’s concept and completing a detailed design approved by the owner and then proceeding with construction. This method is also beneficial for projects that have a tight construction timeline.
Choosing a project delivery method plays an important role in the ultimate success of your project. The uniqueness of each project requires selecting a delivery approach that best suits client and project needs. That’s why we help you find the most cost-effective and efficient solutions to meet your project’s specific requirements. Although we manage a variety of project delivery formats, we believe the following methods offer the best solutions to meet client needs: