These berms would require large, complex geotechnical solutions and a series of gravel pyramidal “lifts” to stop subsiding. Given the nature of its elevation, it would require large earth berms to allow bridges to connect the fields to the surrounding high level campus. On a low lying flood plain, this project would accommodate numerous sports fields and recreational areas. This is often an unquantifiable benefit but the two contrasting views allow for a healthy discourse at the reconciliation meeting, highlighting areas of the project where both parties see risk and potential cost exposure. Having these two view points and opinions on scope, rates, quantity and constructability is an excellent way to flush out issues through the preconstruction process. When an owner pursues a GMP procurement strategy, they are advised to engage a cost estimator to provide a secondary touch-point for risk identification and risk elimination. In many instances, it is worth paying slightly more to have the CM manage and be accountable, especially if they base their GMP on insufficient documentation. Thus the CM is at risk and will protect themselves as needed based on exposure, given the quality of the documentation the GMP is based on.ĬM at Risk is typically used on complex and fast paced projects whereby the conditions and circumstances do not allow for a clear and easy bid process. While there are numerous reasons for this, aside from eliminating the competitive bid process it is primarily due to the CM accepting complete responsibility for the project and the bid documents. On average, GMP projects can be as much as 2-5% higher than a project contract that is procured through a hard bid with a general contractor. While CM at Risk is the delivery method specifically identified, this same process is also effective with other approaches such as Design-Build and Integrated Project Delivery. Since a GMP contract transfers project risk to the CM, Parallel Estimating or triangulation is an effective way to validate the GMP developed by the CM and understand just how much risk has been built into the number. When procuring a project with a Construction Manager (CM) under a Guaranteed Maximum Price (GMP) contract (also referred to as a CM at Risk), there are definitive advantages of employing an owner’s representative cost estimator to triangulate estimating in the preconstruction process and produce a parallel estimate. There’s something for everyone from golf to wineries to parks and spas.As pressure increases to understand capital cost prior to the first spade touching dirt, more healthcare owners are turning to a Parallel Estimating process to improve understanding of exposure and ensure a successful preconstruction phase and subsequent bid and award. The Edinburg Scenic Wetlands has beautiful trails through beautiful water features. Visit the Museum of South Texas History to learn more about the area. When you’re looking for a luxury home builder in South Texas, PinPoint Construction rises to the top! Found in Edinburg, Texas, partner with PinPoint Construction to create the perfect Texas home in a friendly community. Your truly unique home in the Rio Grande Valley will offer flexible living spaces as well as stunning outdoor living space options. Superior materials, exceptional craftsmanship and outstanding customer service will put you at ease throughout this process. Your home will be enduring with finishes and features that reflect your family’s personality. Not only will an architect design the ideal floor plan but the interior designers will help you select the right materials to make your home pop with beautiful colors and textures. PinPoint Construction is known for premium designs that will enhance your quality of life. Search new homes Search Please enter a valid location or select an item from the list.
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