| Title |
How to Improve the Competency of Agency CM Companies to Conduct the CM at Risk Projects? |
| Authors |
Jeon, Myeongsik ; Kang, Youngcheol |
| DOI |
https://dx.doi.org/10.6106/KJCEM.2020.22.6.044 |
| Keywords |
Competency; Agency CM; ACM; CM at Risk; CMR |
| Abstract |
As the CM at Risk market grows recently, designers and CM companies that have been performing agency CM services have been showing their interests to participate in the CM at Risk projects. With the assumption that agency CM companies with a lot of experiences and know-how in the field of construction project management have created the circumstances to enter the CM at Risk market, this study investigates the competencies necessary for the agency CM companies to carry out the CM at Risk projects. The compentencies to run the CM at Risk projects were identified based on the literature review. A survey was conducted to identify the competencies that need to be supplemented first. The survey results revealed that competency related to partner companies, finance and guarantee, risk and claim, and project cost were identified to have a higher level of complementation compared to other competencies. In addition, considering that the level of competency that need to be secured is high, as the level of holding of all competency is on average 76% of the required level, in the beginning, small-scale CM at Risk projects with relatively low risk are mainly carry out, strengthening competency and then increasing the scale is considered more appropriate strategy. |