Review:
Construction Manager At Risk Method
overall review score: 4.5
⭐⭐⭐⭐⭐
score is between 0 and 5
The construction manager-at-risk method is a project delivery method where the construction manager acts as a consultant to the owner in the design and construction phases, with financial risk shared between the owner and the construction manager.
Key Features
- Collaborative approach
- Early involvement of construction manager
- Risk management by construction manager
- Guaranteed maximum price contract
Pros
- Early input from construction manager can lead to improved constructability and cost savings
- Shared financial risk between owner and construction manager incentivizes success
- Clear communication and collaboration among project stakeholders
Cons
- Potential for conflicts of interest if construction manager also has financial stake in project outcomes
- Complex contractual relationships can lead to confusion or disputes