A131/CMC standard agreement between owner & construction manager where the construction manager is also the constructor and where the basis of payment is cost of work plus a fee, and there is no guarantee of cost. A131/CMc uses a control estimate to determine the cost of the work and employs the cost plus a fee method, wherein the owner can monitor cost through periodic review of the control estimate, which is revised as the project proceeds.
Similar to A121/CMC-2003, this CM-constructor agreement is also intended for use when the owner seeks a construction manager who will take on responsibility for providing the means and methods of construction. However, in A131/CMC the construction manager does not provide a Guaranteed Maximum Price (GMP). A131/CMC employs the cost-plus-a-fee method, wherein the owner can monitor cost through periodic review of a control estimate, which is revised as the project proceeds. The A201-1997 General Conditions apply, although it is modified (in part) by the A131/CMC agreement.
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