In the CMAA CM at Risk Series documents, who is the CM acting as until a GMP is accepted by the Owner?

In the context of the CMAA CM at Risk Series documents, the correct designation for the CM acting until a Guaranteed Maximum Price (GMP) is accepted by the Owner is as the Owner's principal agent. This role involves representing the interests of the Owner throughout the preconstruction phase and during the initial stages of the construction process.

The principal agent's responsibilities typically include providing advice, managing communications between the various parties, and assisting in decision-making until a formal contractual agreement is established through the acceptance of the GMP. This role emphasizes the fiduciary responsibility the CM has toward the Owner, ensuring that the project's objectives are aligned with the Owner's expectations.

The CM, in the capacity of the principal agent, undertakes project assessments, pre-construction services, and coordination efforts, which are crucial for setting the stage for a successful project execution. Once the GMP is accepted, the role shifts and evolves based on the contractual agreement between the parties involved.