Construction management fee definition

  • What is a management fee in a project?

    A Project Management Fee (PM fee) is charged to generate funding to pay for expenses.
    This fee is based on a percentage of the total project cost minus the PM fees.
    Project Management Fee by Percentage.
    Total Project Cost. minus project management fees).

  • Construction management contracts encompass the work and/or materials required for a building project.
    Typically, they will address: Project/deliverable specifications.
    Labor and material requirements.
    Timelines for completion/delivery.
  • Effective construction project management is important to increase the chances of successful project completion, i.e., on time, within budget and free from financial or legal complications.
  • Page 1.
    Definition of Construction Management at-Risk: CM at-risk (CMAR) is a delivery method which entails a commitment by the construction manager to deliver the project within a Guaranteed Maximum Price (GMP), in most cases.
Construction Management Fee means a fee or other remuneration for acting as general contractor and/or construction manager to construct improvements, supervise and coordinate projects or to provide major repairs or rehabilitation on a Property.

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