1. Got a similar question in Black Spectacle Mock Exam:
AHPP says that "CM as agent's services are provided for a fixed fee, and it acquires no risk for final construction costs. Savings or overruns are passed on to the owner." What about CM as advisor? Is it the same case?
2. 3-5 in Ballast Review Manual: "There are 2 important disadvantages of using a CM. First, because the CM is hired before the design work is finished, there is no competitive bidding on the cost of building the project, which may mean higher costs for the owner."
Why is that "there is no competitive bidding" - If a CMa is hired "before the design work is finished", later on there will be a competitive bidding anyways, right?
Thank you in advance.
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