Building a commercial building or residential development is a complex, expensive process. It requires leadership, organization, and seasoned management. Construction management is a profession concerned with all aspects of managing the construction of projects, including planning, design, and oversight of building works.
What is construction project management?
Construction management is a process that ensures that all the critical components of a construction project are completed within time and budget.
This process is carried out by management, which works to ensure that the project is completed on schedule, within budget, and meets the required quality standards.
The role of a construction project manager
Construction project management is a highly specialized field, and construction managers are responsible for making sure that the construction process runs smoothly. They do this by managing the project with the client and all of the sub-contractors.
The construction manager is the link between the owner and all of the personnel involved in the project, including architects, engineers, and contractors. When there is a problem or question, they are responsible for answering it and getting it resolved.
It’s also up to them to make sure that everyone stays on schedule, within budget, and meeting all of the owner’s expectations. A construction manager’s work doesn’t end when the project is complete. They are also responsible for making sure that the owner is happy with the finished product. This includes taking care of any issues that may arise after the project.
How does a construction project manager help you to save money?
Construction project managers can save you money in many different ways. First of all, they’re able to better negotiate deals with vendors and contractors. For example, if you hire a construction manager for a $1 million project, he or she can potentially negotiate the price down by as much as 5%. That’s $50,000 saved on just the contractor costs!
Secondly, a construction manager will help you manage your budget. They’ll make sure that your project is staying within budget at all times. And lastly, they’ll make sure the project stays on schedule by completing tasks
Construction contracts and licenses for your project!
Construction contracts and licenses are vital to successful construction projects. Every construction project is governed by a set of rules, regulations, and laws. Many times, people want to do things their own way without getting the proper licensing or permits. Oftentimes, this leads to lawsuits.
Having a contract and license is required by law in some cases and even though you can complete a project without it, you can be held liable for your work and even have to pay your client back if a dispute arises. Your license protects people from any liability that may arise from your work and the contract protects both parties against damage, injury, or loss.
It is legally required to have either a general contractor’s license or a specialty trade license depending on the type of construction project that you are working on.
And remember, it’s important to get the right construction management for retaining your hard-earned money.