In CMc terminology, what does CM@R stand for?

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Multiple Choice

In CMc terminology, what does CM@R stand for?

Explanation:
CM@R stands for Construction Manager at Risk. In this approach the construction manager is brought on early to provide preconstruction services and help shape the project, and then commits to delivering the work within a guaranteed maximum price. The “at risk” part means the CM bears some cost risk for overruns and must meet the GMP, which aligns the CM’s incentives with maintaining cost and schedule. This model lets the owner keep design control while benefiting from early construction expertise to improve constructability and procurement. The other phrases don’t fit because: - Construction Manager as Adviser means the CM provides guidance without assuming construction cost risk or a guaranteed price. - Construction Manager at Ready isn’t a standard term. - Construction Manager as Contractor describes a different setup where the CM acts as the general contractor throughout, which is not the same CM@R arrangement.

CM@R stands for Construction Manager at Risk. In this approach the construction manager is brought on early to provide preconstruction services and help shape the project, and then commits to delivering the work within a guaranteed maximum price. The “at risk” part means the CM bears some cost risk for overruns and must meet the GMP, which aligns the CM’s incentives with maintaining cost and schedule. This model lets the owner keep design control while benefiting from early construction expertise to improve constructability and procurement.

The other phrases don’t fit because:

  • Construction Manager as Adviser means the CM provides guidance without assuming construction cost risk or a guaranteed price.

  • Construction Manager at Ready isn’t a standard term.

  • Construction Manager as Contractor describes a different setup where the CM acts as the general contractor throughout, which is not the same CM@R arrangement.

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