Construction Manager at Risk (CMAR)

Construction Manager at Risk (CMAR) is a project delivery method in which a Construction Manager is hired early in the design phase to provide preconstruction services and later acts as the general contractor, assuming financial risk for delivering the project within a Guaranteed Maximum Price (GMP).

Under CMAR, the Construction Manager commits to completing the project for a set maximum price and is responsible for cost overruns beyond that amount, unless caused by approved changes in scope.

Key Characteristics:

• Selected based on qualifications, experience, and fees
• Engaged during design to provide cost estimating and constructability input
• Establishes a Guaranteed Maximum Price (GMP)
• Holds subcontracts and manages trade contractors
• Assumes financial risk for exceeding the GMP

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