Review:
Construction Management At Risk Method
overall review score: 4.3
⭐⭐⭐⭐⭐
score is between 0 and 5
The construction management at-risk method is a project delivery method in the construction industry where the contractor is involved throughout the design process and takes on financial risk for exceeding the guaranteed maximum price.
Key Features
- Early involvement of contractor
- Guaranteed maximum price
- Risk management
- Collaborative approach
Pros
- Early cost certainty
- Collaborative approach leads to more successful projects
- Contractor input during design phase can lead to cost savings
Cons
- Potentially higher initial costs compared to other methods
- Requires strong communication and trust between owner, designer, and contractor