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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. ConstructionManagementat Risk:NavigatingChallenges andMaximizingSuccess ConstructionManagementatRisk(CMAR)isaproject deliverymethodwhereaconstructionmanagercommitsto delivering the projectwithinaGuaranteedMaximumPrice (GMP). RoleofConstructionManager:Actsasaconsultantduring thedesignphaseandasageneralcontractorduringthe constructionphase. WhyCMAR? Balancesriskbetween theownerand the contractor, promotescollaboration, andenhancesproject control.

  2. KeyPhasesinCMAR Pre-ConstructionPhase: Involvesplanning,design,andbudgeting. Earlyinvolvementoftheconstructionmanagerensures bettercostestimationandprojectplanning. ConstructionPhase: Transitionfromplanningtoactualconstruction. Construction manageroverseesprojectexecution,ensuring adherencetoschedule andbudget. Post-ConstructionPhase: Projectcloseout,finalinspections,and turnovertothe owner. Ensures allcontractualobligationsaremetand documentationiscompleted.

  3. BenefitsofCMAR CostControl:GMPlimitsthefinancialriskfortheowner. ScheduleAdherence:Earlyinvolvementoftheconstruction managerhelpsinrealisticschedulingandtimelycompletion. QualityAssurance:Continuousoversightensureshigh standardsandadherencetospecifications. Collaborative Environment:Promotesteamworkbetweenthe owner,architect,andcontractor,leadingtoinnovative solutionsandproblem-solving.

  4. ChallengesinCMAR RiskAllocation:Properlybalancingriskbetweentheowner andconstructionmanagercanbecomplex. CostOverruns:WhileGMPsets acap,unforeseen issuescan stillleadto financialchallenges. Communication:Requiresrobustcommunicationchannelsto ensurealignmentamongallstakeholders. ScopeChanges:Managing changes inproject scopewithout impactingtheGMPorschedulecanbechallenging.

  5. BestPracticesinCMAR EarlyInvolvement:Engage theconstruction manager earlyinthedesignphasetoleveragetheirexpertise. TransparentCommunication:Fosteropenandregular communicationamongallprojectstakeholders. DetailedPlanning:Investtimeinthoroughplanningand riskassessmenttoanticipateandmitigatepotential issues. ContinuousMonitoring:Implementrobustmonitoring systemstotrackprogress,costs,and qualitythroughout theprojectlifecycle.

  6. FutureTrendsinCMAR ·TechnologyIntegration:UtilizationofBuilding InformationModeling(BIM)andothertechnologiesto enhanceprojectplanningandexecution. ·SustainabilityFocus:Increasingemphasisonsustainable constructionpracticesandmaterials. ·EnhancedCollaborationTools:Adoptionofadvanced collaboration tools toimprovecommunicationand coordination. ·RegulatoryChanges:Awarenessofevolvingregulations andstandardsimpactingCMARpractices.

  7. ContactUs +212.542.4179 141West36thStreetSuite1602 NewYork,NY10018 www.armandcorp.com

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