What role does construction management at risk serve in project delivery?

Construction management at risk (CMAR) is a project delivery method that emphasizes collaboration between the contractor and the project owner right from the design phase through to project completion. This approach is designed to foster a partnership that effectively manages both cost and risk.

In this method, the construction manager works with the owner and design team to establish a guaranteed maximum price (GMP) for the project. This collaborative pricing structure allows for early involvement of the construction manager, who can provide valuable input on constructability and cost-effectiveness, ultimately leading to better risk management. By being involved in the planning stages, the construction manager can identify potential challenges and mitigate risks before they escalate, benefiting the overall project timeline and budget.

Additionally, this approach allows for better communication and transparency among all parties involved, which helps in aligning the goals of all stakeholders. As a result, CMAR not only contributes to reducing costs and risks but also promotes a more efficient and successful project delivery overall.