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construction management (CM)

Construction management (CM) encompasses a range professional advisory services to the owner of a construction project on virtually any aspect of the project, including financing, contract negotiations and awards, time/cost consequences of design and construction decisions, scheduling, purchase of critical and long-lead items, budgets, and monitoring design and construction teams.

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Additional Information

It can be done on a stand-alone basis (agency CM) or in conjunction with the actual construction of the project (CM at risk).

Related Terms

Agency construction management is a professional fee-based arrangement in which the construction...

Construction management (CM) at-risk is a form of CM in which the construction manager acts both as...