Construction Management/Build (CM/Build) Contract definition

Construction Management/Build (CM/Build) Contract means a Procurement Contract pursuant to which the Fund hires a construction management firm to manage the overall construction project and to bid and hold each underlying contract for materials, labor and services related to the construction of the project. The Fund may employ a CM/Build Contract only when the estimated cost of construction is $3 million or more.

Related to Construction Management/Build (CM/Build) Contract

  • Design-build contract means a contract between a public body and another party in which the party

  • Construction management at-risk means a project delivery method in which the District awards separate contracts, one for architectural and engineering services to design an infrastructure facility and the second to a construction manager at-risk for both construction of the infrastructure facility according to the design and construction management services.

  • Construction management contract means a contract in which a party is retained by the owner to

  • Construction Contractor means a person who undertakes to or offers to undertake to, or purports to have the capacity to undertake to, or submits a bid to, or does himself or by or through others, construct, alter, repair, add to, subtract from, improve, move, wreck, or demolish any building, highway, road, railroad, excavation, or other structure, project, development, or improvement to real property, or to do any part thereof. "Construction contractor" includes subcontractors, specialty contractors, prime contractors, and any person receiving consideration for the general supervision and/or coordination of such a construction project except for remediation contracting. This definition shall govern without regard to whether or not the construction contractor is acting in fulfillment of a contract.