Code of Maryland Regulations
Title 21 - STATE PROCUREMENT REGULATIONS
Subtitle 05 - PROCUREMENT METHODS AND PROJECT DELIVERY METHODS
Chapter 21.05.10 - Construction Management at Risk
Section 21.05.10.01 - Definitions
Universal Citation: MD Code Reg 21.05.10.01
Current through Register Vol. 51, No. 19, September 20, 2024
A. In this chapter, the following terms have the meanings indicated.
B. Terms Defined.
(1) "Construction management at risk" means a
project delivery method wherein a construction manager provides a range of
preconstruction services and construction management services which may
include, but are not limited to, cost estimation and consultation regarding the
design of the project, prequalifying and evaluating trade contractors and
subcontractors, awarding the trade contracts and subcontracts, scheduling, cost
control, and value engineering.
(2)
"Construction manager" means the sole proprietorship, partnership, corporation,
or other legal entity that provides construction management services.
(3) "Guaranteed maximum price (GMP)" means
the agreed dollar amount for the construction and construction management
services, including the specified scope of work, the cost of the trade work,
the general conditions, contingency, and the fees charged by the construction
management firm.
(4)
"Preconstruction services" means services provided by the construction manager
before construction which include, but are not limited to, constructability
analysis, value engineering, scheduling, site assessments, and cost
estimates.
(5) "Trade contract"
means an agreement which sets out the terms and conditions upon which the
construction manager engages trade contractors.
(6) "Trade contractor" means a subcontractor
who specializes in a particular aspect of a construction project such as
plumbing, electrical, or painting.
Disclaimer: These regulations may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.