Agency construction management
A fee-based construction management service where the manager has established responsibility for providing professional and advisory services to an owner. In this relationship, the manager or agent represents the owner's interest as the owner's principal agent.
In agency construction management, the manager acts as an advisor to the owner, coordinating various aspects of the project without taking on financial risk. This method offers flexibility and expertise but requires clear communication and coordination among the parties involved.
Used in a sentence
We opted for agency construction management to oversee the project's execution.
Synonyms/variation
ACM
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