Contract Tools for the Construction Manager

Last week, you spent some time reviewing the contracts that are widely used in the construction industry. This
week, consider the specific role of the construction manager and the tools available to minimize risks
associated with a project.
To prepare for this Discussion, you will first need to locate a copy of the AIA 121/CMc contract and the 500
series of the ConsensusDOCS. A quick Internet search should yield several examples of the contract in either
partially completed or blank format – either will be satisfactory for the purpose of this Discussion. Next, review
this week’s Learning Resources and respond to the following questions:
What are the similarities and differences between the 500 series ConsensusDOCS and the AIA 121/CMc
version in terms of how the risks of time and cost are allocated?
Which contract would a construction manager prefer and why?

Sample Solution