Md. Code Regs. 21.05.10.01

Current through Register Vol. 51, No. 21, October 18, 2024

Section 21.05.10.01 - Definitions

A. In this chapter, the following terms have the meanings indicated.

B. Terms Defined.

(1) "Construction management at risk" means a project delivery method wherein a construction manager provides a range of preconstruction services and construction management services which may include, but are not limited to, cost estimation and consultation regarding the design of the project, prequalifying and evaluating trade contractors and subcontractors, awarding the trade contracts and subcontracts, scheduling, cost control, and value engineering.

(2) "Construction manager" means the sole proprietorship, partnership, corporation, or other legal entity that provides construction management services.

(3) "Guaranteed maximum price (GMP)" means the agreed dollar amount for the construction and construction management services, including the specified scope of work, the cost of the trade work, the general conditions, contingency, and the fees charged by the construction management firm.

(4) "Preconstruction services" means services provided by the construction manager before construction which include, but are not limited to, constructability analysis, value engineering, scheduling, site assessments, and cost estimates.

(5) "Trade contract" means an agreement which sets out the terms and conditions upon which the construction manager engages trade contractors.

(6) "Trade contractor" means a subcontractor who specializes in a particular aspect of a construction project such as plumbing, electrical, or painting.

Md. Code Regs. 21.05.10.01