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Construction management fee

A contractual fee paid to a construction manager for services performed.

The construction management fee compensates the construction manager for supervising and coordinating the project. It typically covers the cost of planning, scheduling, and managing resources, and is often negotiated as a percentage of the total project cost.

Used in a sentence

The construction management fee is a percentage of the total project cost, covering management services.

Synonyms/variation
  • CM Fee

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