Construction management (CM)

{
  "id": "MLC-T-INS-000916",
  "term": "Construction management (CM)",
  "field": "Insurance and risk management",
  "definition": "A professional service that applies specialized management techniques to oversee a project's schedule, cost, quality, and scope. The construction management (CM) firm represents the owner's interests throughout the project lifecycle, from pre-construction planning through completion and closeout. Two common delivery methods are CM at-risk, where the manager holds the trade contracts and guarantees the price, and CM as-agent, where the manager acts purely as an advisor to the owner.",
  "abbreviation": "CM",
  "subject": "Professional Liability",
  "url": "https://mlchart.com/terminology/insurance/construction-management-cm/"
}