Construction Manager as Constructor: Which statement describes this project delivery where the Owner contracts with Architect and CM who also acts as the builder, with the final price known by the end of schematic design?

• A. The CM acts solely as an advisor
• B. The project uses a traditional competitive bidding process
• C. The owner retains separate design oversight
• D. The final price (GMP) is known by the end of SD

Answer: (D)

In CM as Constructor, the owner hires both an architect and a Construction Manager who also acts as the builder, with the Construction Manager bearing construction risk and delivering the project for a Guaranteed Maximum Price. The GMP is established based on the design information available, often by the end of schematic design, giving the owner a known final price at that point. This arrangement involves the CM early for cost estimating and constructability input and avoids a separate traditional bidding phase after design. While the owner can still oversee design, the key feature is that the final price is known as a GMP by the end of schematic design.