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The purpose of a contractor management program is to better centralize, qualify and monitor a contingent workforce. As a result of implementing a contractor management program, an organization can expect to experience some, or all, of the following advantages: Cost savings; Better supplier/client relationships; Higher quality contractors and ...
Cumming Group, based on the USA Cumming Corporation, is a privately held international project management and cost consulting firm with a focus on construction in the education, [2] healthcare, themed entertainment, and hospitality [3] sectors.
Cost plus fee: This contract provides payment for the contractor including the total cost of the project as well as a fixed fee or percentage of the total cost. This contract is beneficial to the contractor since any additional costs will be paid for, even though they were unexpected for the owner.
EPCM is a services-only contract, under which the contractor performs engineering, procurement and construction management services. In an EPCM arrangement, the client selects a contractor who provides management services for the whole project on behalf of the client.
Construction cost estimating software is computer software designed for contractors to estimate construction costs for a specific project. A cost estimator will typically use estimating software to estimate their bid price for a project, which will ultimately become part of a resulting construction contract.
CMAA published the most recent revision of its Construction Management Standards of Practice in 2015. The SOP has been published and updated regularly by CMAA since the 1980s. It outlines standards for professional CM services in the areas of: Project Management; Cost Management; Time Management; Quality Management; Contract Administration ...
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