Construction management (CM) encompasses a range professional advisory services to the owner of a...
construction management at-risk
Construction management (CM) at-risk is a form of CM in which the construction manager acts both as a consultant to the owner in the development and design phases and as the equivalent of a general contractor during the construction phase.
Additional Information
The CM at-risk is responsible for early coordination during the design phase, value engineering, and constructability reviews as well as the selection, scheduling, and sequencing of trade subcontractors. The term "at-risk" conveys that the CM under this method bears the risks of the general contractor, such as price escalation, delay, etc., that a pure CM arrangement does not present.
Related Terms
Agency construction management is a professional fee-based arrangement in which the construction...
