What does Agency Construction Management mean? Read on to discover the definition & meaning of the term Agency Construction Management - to help you better understand the language used in insurance policies.
Agency Construction Management
A fee-based service in which the construction manager (CM) is responsible exclusively to the owner and acts in the owner's interests throughout each stage of the project. An agency CM does not contract with subcontractors. The agency CM offers advice on optimum use of available funds; control of the scope of the work; project scheduling; optimum use of design and construction firms' skills and talents; avoidance of delays, changes, and disputes; enhancing project design and construction quality; optimum flexibility in contracting; and procurement.
We hope the you have a better understanding of the meaning of Agency Construction Management.