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Selection of Retention OptionsCover Sheet and InstructionsPURPOSE OF DOCUMENT: For use by CM/Contractor to select retention option.CROSSREFERENCES TO FACILITIES MANUAL (FM): FM5[II]: 5.5.2 CONTENTS: Selection
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CM at risk documents are formal financial documents used in construction projects that outline the project's cost, schedule, and risk factors, establishing a framework for managing and mitigating risks associated with construction activities.
Typically, general contractors or construction managers who are working on projects that involve significant risk and have contractual obligations to provide cost estimates and risk assessments are required to file CM at risk documents.
To fill out CM at risk documents, one must provide detailed project information, including scope of work, budget estimates, scheduled timelines, risk assessments, and mitigation plans, ensuring all sections are completed accurately and in compliance with regulatory requirements.
The purpose of CM at risk documents is to outline the financial commitments, outline risks, facilitate effective communication among stakeholders, and serve as a contractual reference to ensure that all parties are aware of their responsibilities and the project's parameters.
Required information on CM at risk documents typically includes project scope, estimated costs, project timeline, risk assessments, relevant contracts, and insurance information, detailing how risks will be managed throughout the project.
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