A construction consultant is someone who helps oversee construction projects. A business or individual may hire a construction consultant as a project management resource. Others also hire construction consultants to help reduce costs or building times.
How do you charge project management fees?
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. The fees will be charge incrementally to the projects at strategic milestones, minimally during design, construction, and at the completion of the project.
What is the role of a cost consultant?
A cost consultant is also known as a quantity surveyor, a professional who manages and advises on the cost of construction and property projects.
What does project management fee include?
Project Management Fee means the fee paid to the Property Manager for Project Management Services that includes all services required for planning, scheduling, coordinating and delivery of the project including but not limited to the Project Manager's time, administrative support time, travel, office expenses, profit
What is the role of consultants in construction?
A construction consultant is a professional hired to offer expertise towards the successful and timely completion of a construction project. They are tasked with assessing the building costs and contracts for construction projects.
How are construction management fees calculated?
Standard construction manager fees range from 5% to 15% of the project total. However, costs can also come as a fixed amount or based on the size of the build. They will also vary with the services that the Construction Manager, or CM, provides. You should pay the fees based on completing specific phases of work.