Construction Management (CM) gives owners flexibility when selecting a contractor. Rather than focusing solely on price, they can consider qualifications like expertise and performance history.
With the CM delivery method, the owner selects a contractor based on qualifications. Having selected, the owner negotiates the contractor’s fee. CM provides an open-book approach to all project costs. Owners participate in bidding and contractor selection.
The construction manager advocates for the owner throughout the construction project
Owners often select CM for its advantage over design/bid/build. The latter does not always result in the lowest cost project or best quality. With a CM, the process from design through construction is smooth.
There are two types of construction management projects...
CM: At-Risk
Under this type of contract, the CM holds all contracts for subs and suppliers. The CM also gives the owner a guaranteed maximum price (GMP) for the project. The GMP is provided at the completion of construction documents.vs.