A project delivery method where a construction manager is hired to oversee the project and provide a guaranteed maximum price (GMP).
Construction Management at Risk (CMAR) is a project delivery method where the construction manager commits to delivering the project within a guaranteed maximum price (GMP). The construction manager is involved early in the design process, providing input on cost estimates and construction methods. This approach allows for better risk management, cost control, and collaboration between the owner, designer, and construction manager.
Construction manager taking on risk for cost overruns.
