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What does construction manager at risk mean?

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construction manager at risk
(CMAR)
Noun


A project delivery model where a developer engages and consults a construction manager to provide cost feedback during the design process, who then usually acts as the general contractor under a guaranteed maximum price (GMP) negotiated based on the as-yet-completed design.

Synonym(s): 
  • general contractor - construction manager (GCCM).
Comment: 
The contractor has more time to thoroughly grasp the scope and details of the project and the owner, design team and contractor have more time to develop a mutual sense of understanding and trust prior to the start of construction. Some CMAR arrangements include compensation for the contractor's pre-construction services, while other arrangements do not.
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