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Construction Management at Risk Navigating Challenges and Maximizing Success

Construction Management at Risk (CMAR) is a project delivery method where a construction manager commits to delivering the project within a Guaranteed Maximum Price (GMP).

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Construction Management at Risk Navigating Challenges and Maximizing Success

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  1. Construction Management at Risk: Navigating Challenges and Maximizing Success Construction Management at Risk (CMAR) is a project delivery method where a construction manager commits to delivering the project within a Guaranteed Maximum Price (GMP). Role of Construction Manager: Acts as a consultant during the design phase and as a general contractor during the construction phase. Why CMAR? Balances risk between the owner and the contractor, promotes collaboration, and enhances project control.

  2. Key Phases in CMAR Pre-Construction Phase: Involves planning, design, and budgeting. Early involvement of the construction manager ensures better cost estimation and project planning. Construction Phase: Transition from planning to actual construction. Construction manager oversees project execution, ensuring adherence to schedule and budget. Post-Construction Phase: Project closeout, final inspections, and turnover to the owner. Ensures all contractual obligations are met and documentation is completed.

  3. Benefits of CMAR Cost Control: GMP limits the financial risk for the owner. Schedule Adherence: Early involvement of the construction manager helps in realistic scheduling and timely completion. Quality Assurance: Continuous oversight ensures high standards and adherence to specifications. Collaborative Environment: Promotes teamwork between the owner, architect, and contractor, leading to innovative solutions and problem-solving.

  4. Challenges in CMAR Risk Allocation: Properly balancing risk between the owner and construction manager can be complex. Cost Overruns: While GMP sets a cap, unforeseen issues can still lead to financial challenges. Communication: Requires robust communication channels to ensure alignment among all stakeholders. Scope Changes: Managing changes in project scope without impacting the GMP or schedule can be challenging.

  5. Best Practices in CMAR Early Involvement: Engage the construction manager early in the design phase to leverage their expertise. Transparent Communication: Foster open and regular communication among all project stakeholders. Detailed Planning: Invest time in thorough planning and risk assessment to anticipate and mitigate potential issues. Continuous Monitoring: Implement robust monitoring systems to track progress, costs, and quality throughout the project lifecycle.

  6. Future Trends in CMAR ·Technology Integration: Utilization of Building Information Modeling (BIM) and other technologies to enhance project planning and execution. ·Sustainability Focus: Increasing emphasis on sustainable construction practices and materials. ·Enhanced Collaboration Tools: Adoption of advanced collaboration tools to improve communication and coordination. ·Regulatory Changes: Awareness of evolving regulations and standards impacting CMAR practices.

  7. Contact Us +212.542.4179 141 West 36th Street Suite 1602 New York, NY 10018 www.armandcorp.com

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