PM can be an extremely misunderstood and undervalued part of a construction package.
It is incredibly important to understand the true value of PM and how it can impact on your experience, your budget, your finished results and your stress levels.
Businesses who offer a quality and fully project managed service, will rarely, if ever, be able to compete financially with a contractor who does not provide this invaluable service.
This is because of the number of additional man hours required in the background, which the customer will never see. Things like sourcing, coordinating and managing fully qualified and correctly insured sub-contractors. Sourcing & organising the delivery of the right, quality materials, ensuring your construction team have what they need, when they need it. Should stock not be available, you PM will source appropriate alternatives and reorganise the relevant labour, to prevent your project from experiencing unnecessary delays, which could result in additional costs and
charges.
Your PM should also assume complete ownership & accountability for many on-site risks. Should anything go wrong, you will only have a single point of contact to speak with, rather than speaking to multiple trades and/or suppliers, trying to find someone to take ownership/responsibility for the issue. (This is often impossible without a Project Manager) Your PM should use their extensive expertise to find the most appropriate solution, which is fit for purpose, customer focused and cost efficient.
By hiring a contractor who offers a fully PM service, you are much more likely to keep track & stay in control of your project budget. It is perfectly normal for customers to change their mind once a project starts to take shape. Your PM should help guide you through all of the available & appropriate options and let you know the cost implications of these changes.
So, when comparing quotes, it is incredibly important to remember that all of the above ownership, risk and additional hours to effectively manage & safeguard your project, will be reflected in the contractor’s fee.