Construction Management at Risk (CMAR / CM@Risk)
CM@Risk is a delivery approach in which a construction manager provides preconstruction and construction services as part of an integrated team, with a focus on cost and schedule control. Public agency guidance describes CM@Risk as involving the owner, architect/engineer, and construction manager, with the CM selected around the same time as the A/E and performing services such as constructability reviews and cost estimating.
- Where it applies
- Generally, not specific to New York
- When it comes up
- Procurement; preconstruction; construction
- Property types
- All; common in institutional and public projects
In practice
CM@Risk collapses estimating, VE, and early procurement into the operator's critical path - information flow and scope control are the main execution risks.
Related terms
Construction Terminology
- Change Order
- Design-Bid-Build
- Design-Build
- Guaranteed Maximum Price (GMP)
- Hard Costs
- Lump Sum
- Punch List
- Shop Drawings
- Soft Costs
- Submittals
General information, not legal, tax or financial advice.