Project Delivery/ Management

Question 1

Typical diff between CM at risk and DBB

What is the “risk” in the at-risk

how much contingency is usually added to the construction cost?

Answer 1

CM-at risk the CM guarantees a schedule and a price (usually with a GMP) and therefore often comes in earlier and takes on additional responsibilities to help ensure this happens including helping during design. Otherwise the process is sim to DBB

CM holds all of the subcontractors and hold performance risk for constuction…they have to preform (also they have a GMP but for the test wants the performance answer)

5-20% for unexpected

Question 2

how much time can fast-tracking save?

What two things could fast-tracking save it if works?

What delivery method does fast tracking often use?

Answer 2

10-30%

construction cost, construction time.

it can use any but often the owner will hire a construction manager as advisor or even a construction manager at risk.