What is Construction Management?
According to the Construction Management Association of America (CMAA - www.cmaanet.org), Construction Management is a professional service that applies effective management techniques to the planning, design, and construction of a project from inception to completion for the purpose of controlling time, cost and quality.
Construction Management is a discipline and management system specifically created to promote the successful execution of capital projects for owners. These projects can be highly complex. Few owners maintain the staff resources necessary to pay close, continuing attention to every detail - yet these details can "make or break" a project.
What is "Agency" CM?
"Agency" CM (also called Pure CM or CM - advisor) is when the owner selects a construction manager to assist in all phases of project delivery from pre-design to final construction. As the owner's eyes and ears on the project, the construction manager oversees and advises on such areas as constructability, control of the scope of work, cost control, scheduling, project management, and optimum use of design and construction firms' skills and talents, and avoidance of delays, changes and disputes. In the above case, the CM is effectively functioning as an independent professional consultant and is not performing construction work with their own staff nor subcontracting to trade contractors.
What is "At-risk" CM?
"At-risk" CM is a delivery method where the construction manager assists with all the pre-construction services, represents the owner's interest in managing the project, but also takes responsibility for the performance of the work, including contracting with all the trade contractors that will perform the construction on the project.
In the above case the CM at risk is effectively functioning as a General Contractor during the construction process. Their role prior to construction commencing may more closely mirror traditional CM duties such as value engineering, constructability reviews, cost estimation, design consultation and a wide variety of activities in their scope of services.
What kinds of firms does RA&MCO underwrite with regard to construction management?
RA&MCO can underwrite both CM - Agency and CM - at Risk in addition to other forms of project management consulting firms and construction consultants.