Agency construction management
A fee-based construction management service where the manager has established responsibility for providing professional and advisory services to an owner. In this relationship, the manager or agent represents the owner's interest as the owner's principal agent.
In agency construction management, the manager acts as an advisor to the owner, coordinating various aspects of the project without taking on financial risk. This method offers flexibility and expertise but requires clear communication and coordination among the parties involved.
Used in a sentence
We opted for agency construction management to oversee the project's execution.
Synonyms/variation
ACM
Stay updated on what’s happening in construction.
Subscribe to Blueprint, º£½Ç´óÉñ’s free construction newsletter, to get content from industry experts delivered straight to your inbox.
Learn MoreLearn more about Agency construction management
Commercial Construction Management: Mastering the Basics
Commercial construction management is no small feat: Commercial projects tend to be large and complex, and unlike residential construction, which involves repeatable tasks, can involve industry-specific and technical aspects. Commercial projects are a key part of creating functioning communities as they comprise the offices, manufacturing plants, hospitals, hotels and shopping centers central to modern life. […]
Construction Manager vs. Project Manager: Comparing Leadership Roles
Skillful oversight of construction projects allows companies to deliver to owners on time and within budget. Construction managers (CMs) and project managers (PMs) provide the necessary supervision to keep projects on track, each focusing on different aspects. Their responsibilities often overlap and the terms can be used interchangeably, causing confusion. The specific duties of each […]
Mastering Construction Resource Management: Strategies for Success
Completing construction projects successfully requires the careful management of various resources: labor, materials, equipment, money, time and information. Since these resources are finite, allocating them wisely is crucial for minimizing waste and maximizing profits. Construction resource management is the process of strategically planning and deploying resources to deliver high-quality projects on time and within budget. […]
Managing Construction Projects in Different States: A Contractor’s Guide to Working Across State Lines
For many general contractors, taking on work in a new state or region can offer transformative opportunities for building a thriving business and a respected reputation. But managing projects is challenging enough – even if the jobsite is down the street and all members of the project team are familiar with the area. New markets […]
How can we improve this glossary entry?
By clicking this button, you agree to our Privacy Notice and Terms of Service.