The project manager's toolbox

managing value in GC/CM projects

The GC/CM (general contractor/construction management) method is one of the alterative project delivery systems used increasingly by owners to control costs, avoid litigation, and meet schedules. Contractors are selected primarily on the basis of their qualifications, and construction and sub-bidding are controlled by a management contract with the owner.Generally speaking, the GC/CM method has not succeeded in significantly lowering costs and claims but makes working relationships easier during the design and construction phases. This article recommends rigorous use of value management tools to compliment the use of the GC/CM method. Value engineering uses a vigorous, phased workplan; a functional analysis of project and component functions; an exploration for multiple alternatives; the use of multidisciplinary teams, and the use of cost as the primary criteria measurement.
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