Can it be stated that CM @ Risk does not use Low Bid or Best Value: Total Cost as procurement options?

In the context of Construction Management at Risk (CM @ Risk), the procurement approach focuses on selecting a construction manager who assumes the risk of delivering the project within a guaranteed maximum price. This method emphasizes qualifications and experience rather than solely cost-based metrics like Low Bid or Best Value: Total Cost.

The rationale for this is that CM @ Risk aims to integrate the construction manager early in the project to optimize design, control costs, and mitigate risks effectively throughout the project lifecycle. This collaborative approach fosters a strong partnership between stakeholders, leading to better decision-making and innovative solutions. Thus, it inherently excludes traditional procurement methods that prioritize lowest bid scenarios, which may not consider the overall value and quality of the work.

In conclusion, stating that CM @ Risk does not use Low Bid or Best Value: Total Cost as procurement options accurately reflects the essence of this delivery method, which prioritizes risk management and value over simply minimizing initial project costs.