Construction Management

Definition of Construction Management as it relates to Real Estate, Real Estate Development, Real Estate Development Planning

"Construction Management" refers to the planning, coordination, and control of a project from start to finish. In the context of real estate development planning, it involves overseeing the construction phase of a development project, ensuring that it is completed on time, within budget, and to the desired quality standards. This includes managing the hiring and scheduling of contractors and tradespeople, coordinating with architects and engineers, obtaining necessary permits and approvals, and monitoring the progress of construction. By effectively managing the construction process, real estate developers can ensure that their projects are completed successfully, meeting the needs and expectations of clients and stakeholders.

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