Procurement Market Intelligence Report
Construction Project Management Services
Sourcing Guide & Market Intelligence
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Construction Project Management Services Global Overview
Definition
Summary
Construction project managers can be divided into two broad categories: agency construction management and at-risk construction management. Agency management limits the role of the supplier to that of an independent advisor, whereas at-risk management also includes architectural and contracting duties. Suppliers include integrated contracting and engineering firms and consulting groups.
This Report Includes:
- Feasibility Reviews
- Cost Analysis & Estimating
- Troubled-Project Turnaround
- Value Management
Not in this Report:
- General Contracting Services
- Maintenance Services
Global Construction Project Management Services Procurement Trends
Discover the top international trends affecting procurement in the global Construction Project Management Services market.
Warning Trends
Public sector demand slumps as the government enters shutdown
- On October 1, the US federal government entered a shutdown after negotiations for a new appropriations bill failed.
- During a government shutdown, essential federal government operations, such as law enforcement, air-traffic control, and social security, persist, while nonessential operations are paused and workers involved in these operations are furloughed. Thus, the current shutdown is expected to result in 750,000 federal workers being furloughed, representing a $400 million reduction in daily expenditure by the federal government.
- This significant reduction in federal spending and operations will affect the entire US economy, weakening aggregate demand and slowing economic growth. For example, the 35-day government shutdown in Q1, 2019, reduced aggregate demand in both the public and private sectors, resulting in a 0.2% reduction in GDP growth that quarter.
- The effects of the shutdown are likely to be most acute in markets where the public sector is a major buyer segment, weakening demand and increasing average vendor risk by destabilizing important revenue streams.
- As negotiations for a new appropriations bill to reopen the government remain ongoing, ProcurementIQ will continue to monitor the situation and update this story with the latest information.
Fed lowers rates for the first time in 2025
- On September 17, the Federal Reserve’s Federal Open Market Committee (FOMC) voted to lower interest rates to a target range of 4.0% to 4.25%, down 0.25% from the rate it had been holding since November of last year.
- Despite indications at the start of the year that steady reductions to the relatively high 4.25% to 4.5% rate were on the horizon, the Fed held off on rate cuts for much of the year due to concerns that the combination of higher tariffs and a reduction in borrowing costs could cause rebounding inflation.
- The September cut to Fed interest rates signals a shift in this strategy, indicating that the Fed now considers weakening employment figures a greater threat than inflation. As a result, FOMC officials have also signaled that two additional rate cuts are likely before the end of the year in an effort to fight unemployment and stimulate the economy.
- Declining Fed funds rates will provide relief to borrowers by lowering the market interest rates for consumer and business loans. This reduction in the cost of borrowing will reduce the cost of many banking and financial services, and may spur increases in demand across the economy.
United States announces new tariffs on all imported steel
- In February 2025, the United States announced 25.0% tariffs on all imported steel with no exemptions or exceptions. The tariffs took effect on March 12, 2025. On June 4th, these tariffs were increased further to 50%. These tariffs were not impacted by a recent court decision that temporarily suspended duties on certain goods as they were implemented under Section 232 of the Trade Expansion Act.
- Previously, countries such as Canada, Mexico, and Brazil, the top exporters of steel to the United States, had exemptions from tariffs. These have now been removed and all imported steel, regardless of origin, will be subject to the 50.0% tariff. However, on May 8th, the US announced an agreement with the United Kingdom to remove all levies on steel exported from the UK.
- When tariffs on steel imports were introduced in March 2018, they contributed to an increase in the price of steel and steel products. According to the Bureau of Labor Statistics, the price of steel-milled products increased by 10.2% in the year after the tariffs were implemented. This market heavily relies on steel as an input and may be impacted by this policy.
Global Construction Project Management Services Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 China | 14,355 |
| #2 Europe | 13,285 |
| #3 United States | 10,200 |
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Geography Drilldown - US, Canada & Europe
Average Cost of Construction Project Management Services
United States
2026 Market Pricing$3.00 to $XX.XX
of total construction costsCanada
Europe
Average Price
Prices in the Construction Project Management Services market range from $3.00 to $XX.XX, depending on Size & Scope of Project, Location, Experience and Role of the Supplier. For example, lower prices are associated with Small projects (3.0% to 10.0% of total construction costs), whereas higher prices are associated with Complex large projects (3.5% to 15% of total construction costs) and Moderate projects (3.25% to 12.5% of total construction costs).
Need the scoop on international price trends?
Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Construction Project Management Services Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Construction Project Management Services market, prices in the US have grown 0.3% from 2022 to 2025. and +0.2% in Europe.
United States (2022-2025)
Canada (2021-2024)
Compound Annual Growth Rate
Europe (2022-2025)
Compound Annual Growth Rate
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Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Construction Project Management Services
Total cost of ownership is Medium in the Construction Project Management Services market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Duties & Taxes may raise the total cost of ownership unexpectedly.
Negotiated Before
Pre-evaluation
Billed During
Additional Fees
Compliance
Insurance
Unforeseen
Duties & Taxes
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -1.1 in the United States. Buyer power is most positively impacted by Recent Developments. It is most negatively impacted by Recent Price Volatility. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Canada
Europe
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as Medium, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Cement Manufacturers
- Construction & Mining Equipment Rental Providers
- Accounting Service Providers
2nd
Tier Suppliers
- Sand & Gravel Miners
- Construction Machinery Manufacturers
- Computer & Packaged Software Wholesalers
Biggest Construction Project Management Services Suppliers in the US by Revenue
The largest Construction Project Management Services vendors by revenue in the US are WSP Global Inc., Jacobs Engineering Group Inc. and Aecom. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Skanska AB | Global | Stockholm, SE | >10,001 | < 5 | ||||
| Cbre Group, Inc. | Global | DALLAS, TX | >10,000 | < 5 | ||||
| Fluor Corporation | Global | IRVING, TX | >10,000 | < 5 | ||||
| Aecom | Global | DALLAS, TX | >10,000 | < 5 | ||||
| Jacobs Engineering Group Inc. | Global | DALLAS | 1,001-10,000 | < 5 | ||||
| WSP Global Inc. | Global | Montréal | >10,000 | < 5 | ||||
| PCL Constructors Inc. | Global | Edmonton, CA | 1,001-10,000 | < 5 | ||||
| Balfour Beatty Plc | Global | London, UK | >10,001 | < 5 | ||||
| Parsons Corporation | Global | CENTREVILLE, VA | >10,000 | < 5 | ||||
Looking for a list of suppliers by country?
Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Construction Project Management Services market is 3.5% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Purchases. The cost trend for this component is falling, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
Overall, financial risk among suppliers is moderate but can vary depending on the supplier.
Market share concentration is low, with the top four suppliers accounting for less than 30.0% of total market revenue.
Supply chain risk for construction project management services is at a moderate level.
Construction project management services exhibit a moderate pace of regulatory change. As with other construction-related markets, this market’s service providers face a number of federal, state, and local government regulations.
The United States is a net importer of earthmoving equipment, indicating foreign presence in the market which provides buyers with the ability to access unique, competitively priced products from abroad. While buyers may be able to leverage foreign products in negotiations, these products may be more susceptible to overseas supply chain disruptions and shifts in trade policies.
Supplier Information
Aecom
Aecom is a public company operating globally in the construction, professional, scientific and technical services, administration, business support and waste management services and healthcare and social assistance sectors. The company's offerings include general contractor services, industrial building &... Subscribe to learn more
Balfour Beatty Plc
Balfour Beatty Plc is a public company operating globally in the construction sector. The company's offerings include general contractor services and construction project management services. Founded in 1909, the company is currently headquartered in London, England, United Kingdom with an estimated 26000... Subscribe to learn more
Bechtel Corporation
Bechtel Corporation is a private company operating globally in the construction, professional, scientific & technical services and administration, business support and waste management services sectors. The company's offerings include field-erected tanks, general contractor services, industrial building &... Subscribe to learn more
Cbre Group, Inc.
Cbre Group, Inc. is a public company operating globally in the construction, real estate and rental and leasing, professional, scientific and technical services and administration, business support and waste management services sectors. The company's offerings include facility maintenance & repair services,... Subscribe to learn more
Fluor Corporation
Fluor Corporation is a diversified holding company that provides professional and technical solutions. It primarily offers engineering, procurement, construction, fabrication and modularization, and project management services. It serves various industries worldwide, including advanced technologies and manufacturing,... Subscribe to learn more
Gilbane Building Co.
Gilbane Building Co. is a private company operating globally in the construction sector. The company's offerings include construction project management services. Founded in 1873, the company is currently headquartered in Providence, Rhode Island, United States of America with an estimated 5500 employees.... Subscribe to learn more
Hill International Inc.
Hill International, Inc. is a global provider of project management, construction management, facilities management, and other consulting services to the building, transportation, environmental, energy, and industrial markets. It serves federal, state, and national governments and the private sector. It operates... Subscribe to learn more
Jacobs Engineering Group Inc.
Jacobs Solutions Inc. is a technical, professional, and construction services company. It offers two lines of business: the Critical Mission Solutions segment, which focuses on digital transformation and modernization, national security and defense, space exploration, digital asset management, the clean energy... Subscribe to learn more
Parsons Corporation
Parsons Corporation is a public company operating globally in the construction and professional, scientific and technical services sectors. The company's offerings include construction project management services and structural engineering services. Founded in 1944, the company is currently headquartered Subscribe to learn more
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Procurement Management KPIs for the Construction Project Management Services Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Average Order Value and Customer Concentration. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Compliance and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Average Order Value |
|
Number of projects Total revenue |
The average order value represents the revenue generated from the average construction project. The average order value can be used to evaluate buyers' willingness to pay for a company’s services. The average order value can be used to evaluate a company’s reputation. The average order value can be used to assess a company’s ability to handle large construction projects. |
| Customer Concentration |
|
Revenue per customer (RPC) Total revenue |
It is recommended that the customer concentration remains at or below 10.0% The customer concentration represents the amount of revenue associated with a single customer. The customer concentration can be used to determine the need to diversify client portfolios. |
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Experience and Expertise
What similar or related projects have you worked on?
How much of your business is generated from managing projects similar to ours?
Supply Chain Risk
Can you describe the extent of your relationship with subcontractors?
How do you distinguish a good subcontractor from a bad subcontractor?
Regulation
Can you guarantee that you will take care of all the necessary licensing and permits, as well as approvals and certifications from applicable associations?
Are you endorsed or certified by any relevant trade associations?
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Construction Project Management Services RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should provide a background of their organization, including their location(s) and relevant information about their facilities, such as occupancy and size.
Buyers should provide information regarding the current phase of the project; for instance, buyers should state whether it requires resident voting or has already been approved.
Statement Of Need
Buyers should explain in detail the scope of work required during the preconstruction phase of the project, which may include reviewing the proposed milestones, assessing the proposed budget and developing cost models.
Buyers should explain the service provider's role in reviewing bidders for construction work and assisting the buyer in selecting a construction subcontractor.
Project Budget
Buyers should provide a figure for their expected budget.
Budget should be broken down by the phase of the project (preconstruction, construction, postconstruction).
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- Opportunity assessment
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- Positive and warning trends
- Buyer power levers
- Price environment and market pricing
- Geographic wage rates
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- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
