Clifford Chance
Is construction management right for your project?
27 March 2017
Construction Management (CM) is having a renaissance at the moment and, where "speed and specialism" are the client's main drivers, can offer genuine solutions to performance and budget challenges in the hands of an experienced client team and professional construction manager. However, there are risks for the unwary in terms of cost escalation and administrative burden. Success can be achieved with CM, but it requires clients to take a leap of faith away from the more commonly seen design and build lump sum "wrap" to a more hands-on approach with greater risk being retained on the client side.
