Construction Management

Definition of Construction Management as it relates to Real Estate, Real Estate Appraisal, Commercial Real Estate

"Construction Management" refers to the planning, coordination, and execution of a commercial construction project from start to finish. This includes overseeing the design and construction processes, managing budgets and schedules, and ensuring compliance with all relevant regulations and codes. The role of construction management is crucial in commercial real estate as it helps to ensure that projects are completed on time, within budget, and to the desired quality standards. By effectively managing the construction process, businesses can minimize risk, reduce costs, and ultimately maximize their return on investment in commercial property.

Note