Construction Management-at-Risk

Under the construction management at-risk model, Stellar collaborates with our client’s design team and assumes risk on behalf of our clients.

Depending on the type of project and the owner’s preferences, we can perform using either internal or external design resources. In fact, numerous clients have chosen this model based on the flexibility of the CM-at-Risk arrangement and on Stellar’s reputation for quality and integrity. Many of our clients find CM-at-Risk to be a superior business arrangement because it:

• Delivers projects via Guaranteed Maximum Price (GMP)
• Reduces the likelihood of design errors
• Provides for strong collaboration between the owner, architect and contractors
• Eliminates traditional client burdens, including administering multiple contracts and worrying about third party liability

The CM-at-Risk model is especially attractive to owners of large, complex projects in which quality and timeliness are especially important. Studies show that CM-at-Risk projects take less time to complete—with a low unit cost than similar projects under different agreement models.  By addressing potential challenges during development and design, Stellar can help the owner avoid costly changes during construction. This is of enormous help in keeping a project on schedule. During the construction phase, Stellar performs and manages the project, assuming the risk under a binding GMP.

In addition, CM-at-Risk allows Stellar to attract a wider variety of subcontractors who wouldn’t normally bid on a large project. In turn, we are better able to recruit and involve minority contractors. Our construction management at-risk services typically include but are not limited to:

• Budget and program validation
• Project scheduling
• Preliminary cost estimating
• Constructability reviews
• Subcontractor prequalification
• Review and coordinate the bid package and oversee all bidding
• Coordination of owner-purchased equipment
• Expediting procurement of long-lead items
• Preparation of bid packages and GMP
• Issue contracts and manage procurement of material and supplies
• Coordinate work of all trade contractors and assure conformance to design requirements
• Construction administration
• Monthly progress reporting
• Project accounting and reporting
• Closeout, as-built plans, O&M manual
• Training of owner staff on building systems operation
• Management of warranty period