Construction property management businesses often have to estimate what the expense of the construction work that the client wants, create construction documents and proposals, and bid the work to many trades. They also hire the contractors, supervise the construction, and account for all expenses, credits, and costs.There are a lot of benefits to having a construction project management business oversee a construction project.
What Are Some Benefits of Construction Project Management?
The first benefit of employing a construction project management company is to provide the lowest construction project cost possible. They provide the lowest possible project cost and construction management fees by choosing the lowest bidder. Representing the best possible mechanism for securing local contractors is another thing that they do. When it is allowed, they also allow for sales tax savings on directly-secured materials. They are also advocates for their customers/property owners and advocate for them by having a construction project manager on the job site during all the phases of the construction. This allows them to put a stop to any problems early and aggressively and to fairly participate in any negotiations. Another benefit of having a construction project manager is to promote building design feedback during plan creation.
Construction project manager businesses also promote business design feedback during plan creation. This consists of recommending designs and building materials as well as early and accurate estimates. They also provide the opportunity to “fast-track” and phase the project to get the project in the ground before icy weather comes while they maintain continuity with their customer’s building representative. Doing away with the markup of subcontractors initial bids and change orders is another service that construction project manager businesses provide. The administrative fees of the General Contractor are easily transferred over to the Construction Management firm. Customers can also benefit from hiring a construction project manager because they allow the owner to pick out their construction representative.
Allowing the owner to pick out their construction representative based on how experienced and compatible the firm is instead of just on cost is another service of construction project management businesses. The Construction Manager determines a cost that is not based on what the final cost of the project is, but is based instead on how many people the construction project needs to employ. With all these great advantages that come with employing a construction project manager, construction businesses will save time and money while their buildings are being built which are the best benefits of all.
If you want to get the expertise of our construction management professionals, then get in touch with Trilogy Corporation today. Trilogy provides comprehensive construction management, property assessments, and other strategies to maintain assets efficiently, invest resources wisely, and increase quality of service.