Category: Project Management and Operations

Project management methodologies, procurement, and operational efficiency

A conceptual illustration depicting the factors affecting construction management fees, including project complexity, size, location, and firm experience, set against a construction site background.

Construction Management Fees Decoded: Understanding the Industry Standard

dannie

Understand the key factors that impact construction management (CM) fees, such as project complexity, size, location, and scope. Familiarize yourself with industry-standard CM fee ranges, typically expressed as a percentage of total construction costs, which can vary from 5% to 15% depending on the project. Project owners should negotiate CM fees based on the specific services required, the firm’s experience and reputation, and the overall value they bring to the project. Establish clear expectations and …

A dynamic scene of a construction site showcasing multiple procurement activities including contract discussions, supplier interactions, and a digital dashboard displaying procurement KPIs, symbolizing effective project procurement management.

Project Procurement Management: The Key to Successful Construction

dannie

Streamline procurement by establishing clear policies, standardizing contracts, and leveraging supplier relationship management software to track performance. Mitigate risks through comprehensive due diligence, financial stability assessments, and robust contingency planning. Optimize costs and quality by conducting thorough market research, issuing competitive RFPs, negotiating aggressively, and continuously monitoring supplier performance against SLAs. Accelerate timelines with efficient stakeholder …