CM-for-Fee Firms: Markets Are Growing for Agency CM
The U.S. construction boom has paid dividends for almost all segments of the construction industry and firms providing construction management services on a fee-only basis are no exception. As owners scramble to find qualified people to do their projects while attempting to shield themselves from explosive materials and labor price changes, they are finding an ever increasing need for professional management services.
“There is so much work out there that whoever has the people at the right time will get the job,” jokes Steve Margaroni, vice president of construction management services for Psomas. But, he cautions that many clients are becoming more savvy. “What they want are established firms, not the carnival groups that blow into town following the money.”