• Newer Name for Negotiated Approach

• Architect Prepares Design and Construction Documents which Describe Work in Detail

• Construction Manager (CM) Prepares Cost Information as Design and Construction Document Preparation Progresses and Guarantees the Price

• CM Obtains Bids from Numerous Contractors, Subcontractors, Suppliers for "Bid Packages"

• Contractors, Subcontractors, Suppliers have Contracts with CM

• CM with Various Subcontractors Build the Project

Advantages to Owner

• Single Point of Responsibility for Construction

• Competition Among Subs, Suppliers

• Sometimes Able to Use Smaller, Local Entities

Disadvantages to Owner

• Perhaps a Lack of Competition?