Dictionary of Procurement Terms

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Search Results: 1-1 of 1 result for “Construction Manager at Risk (CMR)”

  • Construction Manager at Risk (CMR)

    A construction project delivery method in which the owner enters into separate contracts with the designer and builder, often at or about the same time. During design, the CMAR advises the owner and designer on constructability, value engineering, cost estimating, schedule, sequencing, selection of components and materials, and other matters. When the design is completed, the CMAR becomes the “builder,” or general contractor, responsible or “at risk” for completing construction within the guaranteed maximum price (GMP).

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