Learn about actual and potential costs
How much should I pay for Construction Project Management Services?
What is the average price of Construction Project Management Services?
This procurement report includes pricing information to help you purchase Construction Project Management Services. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of Construction Project Management Services been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase Construction Project Management Services yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing Construction Project Management Services?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Construction Project Management Services with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase ?
Market share concentration among the estimated 4,500 construction project management service providers in the United States is low, with the top four suppliers accounting for less than 30.0% of total market revenue. The largest vendors are typically multinational general contracting and engineering firms that also provide construction management services. Large-scale... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Do you have a list of referrals I can contact?
How many of your clients are repeat clients?
What criteria do you use to measure quality?
If your company has a broad focus, how do you ensure the same level of quality when working on specialty or niche projects?
If you are a specialist company, how do you keep prices competitive with those of nonspecialist companies?
Amidst widespread health concerns, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?
Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle increased/reduced demand?
How would you organize this project in terms of milestones? Do your estimates factor in unforeseen circumstances like weather or financing delays?
Will you be working on multiple projects at the same time? If so, how can you guarantee this will not negatively affect my company's project
Will check-ins be daily, weekly or monthly?
What are your usual daily hours of operation?
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Key elements for every RFP
What should my RFP include?
Buyers should provide a figure for their expected budget.
Budget should be broken down by the phase of the project (preconstruction, construction, postconstruction).
Buyers should indicate their desired fee type, such as fixed bid or time and materials.
Buyers should provide a contingency cost figure.
Buyers should describe the committee that will be in charge of assessing and selecting service providers.
Buyers should consider the qualifications and level of experience of the prospective service providers.
Buyers should weight the prospective suppliers' level of local knowledge, including their familiarity with local regulations and building codes that are relevant to the project at hand.
Buyers should consider the proposed fees of each supplier.
Buyers should provide a breakdown of key dates relevant to the RFP process, such as the final dates to submit questions and submit their bids.
Buyers should break down key milestones by phase (preconstruction, construction, postconstruction).
Buyers should state when service provider selection will be finalized and whether the buyer will provide updates to prospective suppliers during the selection process.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Supply chain risk for construction project management services is at a moderate level. Service providers rely on a variety of upstream manufacturing, wholesaling and mining industries, as well as accounting and other professional service providers, to conduct their business. For at-risk construction managers, defined as vendors that assume the risk... Subscribe to learn more.