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
Stay updated on what’s happening in construction.
Subscribe to Blueprint, Procore’s free construction newsletter, to get content from industry experts delivered straight to your inbox.
Learn MoreLearn more about Construction management fee
Has Construction Tech Failed its Most Important Customer?
In episode 15 of The Power of Construction, we tackle a provocative question: Has construction technology actually failed building owners? Despite billions in investment, owners report that BIM automation and construction workflow optimization haven’t solved their core problems. KP Reddy—CEO of Shadow Ventures—argues these technologies prioritize internal processes over owner outcomes, creating a massive credibility […]
Is Construction Ready for the Future?
In episode 14 of The Power of Construction, we ask a critical question: Can an industry tasked with building our future truly meet the demand to double its growth by 2040? In this season, we explore insights from The Future State of Construction report—a global survey of industry leaders who employed “future-back” thinking to envision […]
How Can We Bridge the Data Gap in Construction?
In Episode 3 of The Power of Construction, Eric Whobrey, ARCO Murray’s VP of Innovation and Managing Partner joins hosts Sasha Reed and Kris Lengieza to explore the data gap and data maturity. How do we go beyond just adopting technology to start truly leveraging the data we collect to drive operational excellence? They unpack […]
How Can Data Drive Better Decision-Making?
Construction is facing a decades-long productivity gap, yet the solutions are right in front of us—if we know how to use them. In episode 11 of The Power of Construction, we sit down with Jit Kee Chin, Chief Technology Officer at Suffolk, to explore how applying scientific rigor to data could unlock the mindset shift […]
How can we improve this glossary entry?
By clicking this button, you agree to our Privacy Notice and Terms of Service.