Construction Management at Risk
As the name implies, when we provide construction management at risk services, we assume the risk of completing the project for a specified amount. We are able to provide this security to the owner because we assume greater control for the project, typically self-performing certain portions of the work. There are a number of benefits that are realized when an owner allows the construction manager to self-perform, the principal being the improved control of the project. The cost of the self-performed work is typically negotiated as part of the overall guaranteed maximum price with full disclosure of the detailed cost estimate. This improved control produces positive results in several areas, including: enhanced schedule control, reduced costs as subcontractor mark-ups are eliminated, management of labor productivity, and improved workmanship and quality.