What is the "construction manager at risk" delivery method?

The "construction manager at risk" delivery method is characterized by the construction manager assuming the financial risk associated with the project by committing to a specified price for completing the work. This arrangement allows for greater collaboration between the construction manager and the project owner during the design phase, as the construction manager provides valuable input on cost estimates and constructability.

In this method, the construction manager is engaged early in the process and takes on the responsibility for delivering the project within the agreed-upon budget. This contrasts with more traditional methods, where the construction manager may not have cost certainty until after the bidding process is complete.

By guaranteeing the price, the construction manager provides a level of cost predictability, which can be particularly beneficial for project owners who wish to control expenses. This risk-sharing encourages more efficient project delivery and enhances accountability.

Other delivery methods involve different levels of financial responsibility and project oversight, but the defining feature of the construction manager at risk is the commitment to a specific price, aligning the interests of both the owner and the construction manager.