This AIA-accredited presentation guides attendees through best practices in cost certainty, emphasizing proactive strategies like CMR reconciliation and value management. Using real-world project examples, it illustrates how early engagement, structured processes, and informed decision-making help align design, budget, and client goals while minimizing risk and rework.

Approved for 1 LU|Elective

Learning Objectives

• Attendees will gain an understanding of why CMr Reconciliation is important—how it strengthens alignment between the Construction Manager and design team, promotes transparency in cost discussions, and helps ensure project budgets accurately reflect the intended scope and design. Attendees will learn a step by step best practice.

• Attendees will gain an understanding of why Value Management through Early Strategic Decisions and Smart Reserves is important—how proactive planning and purposeful contingencies support better design choices, maintain project value, and reduce the risk of costly changes later in the process, and how to keep from value engineering a project away.

• Attendees will gain an understanding of why Contingency Planning—establishing contingencies with purpose—is important, and how thoughtful, data-driven reserves contribute to improved project efficiency, stronger cost control, and more informed decision-making throughout the project lifecycle. They will learn how and when to use them.

• Attendees will gain an understanding of how current market trends and material pricing can change over the project's duration. This understanding will allow them to better predict future costs and bid day accuracy for their clients.