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Construction cost management is a fee-based service in which the construction manager (CM) is responsible exclusively to the owner, acting in the owner's interests at every stage of the project. The construction manager offers impartial advice on matters such as: Optimum use of available funds; Control of the scope of the work; Project scheduling
These areas have included project and program management, construction management at-risk (CM/GC), design-build, and building commissioning. Other states have adopted varying interpretations. Public owners have developed policies and procedures for Qualifications-Based Selection to govern procurements in which price is not the determining ...
The Construction Management Association of America (CMAA) is a non-profit and non-governmental, professional association serving the construction management industry. The Association was formed in 1982.
The final piece was added Tuesday when county commissioners unanimously approved the hiring of Beckenhauer Construction as construction manager at risk (CMAR) for the proposed new jail facility.
Hill International, Inc. is an American construction consulting firm. Founded in 1976, the company's corporate headquarters are in Philadelphia, Pennsylvania, U.S. [2] Hill provides program and project management, construction management, cost engineering and estimating, quality assurance, inspection, scheduling, risk management, and claims resolution and avoidance services to clients with ...
However, if there is a reason to speed project delivery, Fast-track can be used with any project delivery strategy, such as CM at Risk and Agency CM (see Construction management), design–build, bridging and integrated project delivery. Even the traditional design–bid–build process can use Fast-track concepts by bidding separate general ...
As risks occur on a project, and money is needed to pay for them, the contingency can be transferred to the appropriate accounts that need it. The transfer and its reason is recorded. In risk management, risks are continually reassessed during the course of a project, as are the needs for cost contingency.
Soft Cost is a construction industry term but more specifically a contractor accounting term for an expense item that is not considered direct construction cost. Soft costs include architectural, engineering, financing, and legal fees, and other pre- and post-construction expenses. [1]