Construction Manager at Risk Contract Documents

Construction Manager at Risk (CMAR) is a type of contract document that is commonly used in the construction industry. The CMAR contract document is designed to provide a construction manager with more control over the project, allowing them to oversee the entire process from start to finish. This article will take an in-depth look at the CMAR contract document, explaining what it is, how it works, and its benefits to both the construction manager and the client.

What is a CMAR contract document?

A CMAR contract document is a type of construction contract that is used to provide the construction manager with greater control over the project`s outcome. With a CMAR contract, the construction manager is typically hired during the early stages of the project`s development. The construction manager acts as an advisor to the client throughout the design and construction phases, providing input on everything from the project`s scope to the site`s selection.

How does a CMAR contract document work?

Under a CMAR contract, the construction manager acts as the general contractor and is responsible for managing the project`s construction activities. The construction manager is typically responsible for ensuring that all work is completed on time, within budget, and to the client`s specifications.

One of the unique features of a CMAR contract is that the construction manager is typically required to provide a Guaranteed Maximum Price (GMP) for the project. The GMP is the total amount that the client will pay for the project, regardless of how much the construction manager may have to spend to complete the work.

Benefits of a CMAR contract document

There are several benefits to using a CMAR contract document in construction projects. One of the primary benefits is that it allows the construction manager to have greater control over the project`s outcome. This increased control can result in a more efficient construction process, reduced construction costs, and greater overall quality of the finished product.

Another benefit of a CMAR contract is that it can provide the client with greater peace of mind. With a CMAR contract, the client is working with an experienced construction manager who has a vested interest in ensuring the project`s success. This can help to alleviate many of the concerns that clients may have about construction projects, such as delays, budget overruns, and quality issues.

Conclusion

The CMAR contract document is a valuable tool that can help construction managers to deliver projects on time, within budget, and to the client`s specifications. With a CMAR contract, construction managers have greater control over the project`s outcome, which can lead to a more efficient construction process and better overall quality. Clients can benefit from a CMAR contract by working with an experienced construction manager who is invested in the project`s success and who can help to provide greater peace of mind throughout the construction process.