“Construction Manager as a Team Member”
But what if you teamed up with CTI at the beginning of the design process? The CM-AT Risk (CMc) method of project delivery is increasingly being utilized by private and public-sector clients, since it blends assessment of pricing, scheduling and qualifications while limiting the owner’s risk. This method features a cohesive three-party team of owner, separate architect-designer and construction manager are chosen via the qualifications-based selection process.
The CM-AT Risk (CMc) method of project delivery is increasingly being utilized by private and public-sector clients, since it blends assessment of pricing, scheduling and qualifications while limiting the owner’s risk. This method features a cohesive three-party team of owner, separate architect-designer and construction manager are chosen via the qualifications-based selection process.
The CMc firm enters into a GMP contract with the owner, which assures the project will be constructed for no more than the amount designated in the signed contract, and no longer than the agreed completion date. Utilizing a GMP provides peace of mind to the owner, since any budget overruns on the contracted scope of work more than the GMP is assumed by the CMc. If the project is delivered below the GMP, cost savings are typically shared between the owner and the CMc. Getting past budget concerns allows the project to proceed with regular open communication and the knowledge that the CM always has the owner’s best interests in mind. A previously established scope of work designates pre-construction services, such as estimating, scheduling, constructability reviews, value analysis, specification review, and quality control review, that save the owner both time and money.
Vendors and subcontractors can be pre-qualified based on bonding, experience and performance requirements. In the case of public sector projects, this exercise can greatly enhance the participation by local suppliers and subcontractors who will be included in the competitive bidding. The (CMc) holds the subcontractor and vendor contracts, taking on the financial risk and performance of the project by providing the owner with a guaranteed maximum price (GMP) for construction and a set date for completion, along with a negotiated professional fee (typically a percentage of the cost of construction) for the CM services. This GMP is best provided at the completion of the construction documents.