Question: In all construction projects, there are risks to be incurred. Consequently, risk aversion is a commonality among owners in both public and private construction projects

In all construction projects, there are risks to be incurred. Consequently, risk aversion is a commonality among owners in both public and private construction projects alike. Due to this aversion, many CM at risk firms have been established in the last decade, with several of the largest located in New York City, where public projects abound. With the evolution of the, CM agency, and CM at risk systems in mind, utilize this week's Learning Resources to respond to the following:

How did the CM agency and CM at risk PDSs come to be? What societal and legal factors contributed to the creation of these project delivery systems?
What are the possible benefits to the owner who chooses to utilize a CM at risk system?

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