Construction Management

Definition of Construction Management as it relates to Real Estate, Real Estate Economics, Real Estate Valuation

"Construction Management" under "Real Estate Valuation" involves overseeing and coordinating the construction process of real estate properties to ensure they are built in accordance with design, budget, and schedule specifications. This includes managing personnel, materials, and equipment; ensuring compliance with building codes and regulations; and controlling costs and timelines. The focus on valuation within this context pertains to the impact that construction management has on the overall value of a property, as well as the consideration of market trends and economic factors that may influence construction decisions and outcomes.

Note