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Get OWNER CMAR PRE-CONSTRUCTION SERVICES AGREEMENT ... - Csn
OWNER CAR PRE-CONSTRUCTION SERVICES AGREEMENT This AGREEMENT is made this day of 2008, by and between the Board of Regents of the Nevada System of Higher Education, on behalf of the College of Southern.
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Sherri FAQ
In addition to acting in the owner's interest, the CMAR must manage and control construction costs to not exceed the GMP because contractually any costs exceeding the GMP that are not change orders are the financial liability of the CMAR. Generally, the CMAR will give the Owner a GMP prior to bidding the project.
CM at-risk (CMAR) is a delivery method which entails a commitment by the construction manager to deliver the project within a Guaranteed Maximum Price (GMP), in most cases.
"A construction method wherein a CMAR firm provides a range of preconstruction services and construction management services which may include cost estimation and consultation regarding the design of the building project, the preparation and coordination of bid packages, scheduling, cost control, and value engineering, ...
The Construction Manager at Risk (CMAR) is a project delivery method in which the owner hires a construction manager (CM) to oversee the project from design to construction close-out and deliver it with a Guaranteed Maximum Price (GMP) provided to the owner prior to the bid stage.
Construction Manager at Risk (CMAR) is a delivery method in which services of a construction manager(CM), a licensed contractor, are used to provide preconstruction services (Phase 1) to inform the design and a separate construction contract (Phase 2) to deliver the project.
In addition to acting in the owner's interest, the CMAR must manage and control construction costs to not exceed the GMP because contractually any costs exceeding the GMP that are not change orders are the financial liability of the CMAR. Generally, the CMAR will give the Owner a GMP prior to bidding the project.
The regulators see CMAR as a monitoring tool to aid the supervision of CASS firms' client money and asset positions. CMAR provides them with an overview of a CASS firm's client holdings and positions. More importantly, it helps the regulator to identify any trends and to intervene when required.
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