Construction Management is the project delivery method where the contractor is selected during the conceptual stage of the process based on qualifications, joining the architect and client to form a collaborative project team. The process centralizes responsibility for construction under a single contract, obtains a guaranteed maximum price (GMP), produces a more manageable and predictable project, saves time and money, and reduces risk for the client, architect, and the construction manager.
The client makes selections based on qualifications, therefore the client hires based on merit not price. Because the CM is selected on their qualifications, they are inclined to maximize services and allegiance to the client in order to obtain repeat work and a good reference.
The construction manager can minimize risk to all by taking many or all trade bids prior to providing the GMP. Minimizing risk means minimizing cost to the client.
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