CMAA study shows rise in CM/PM fees
Fees for construction management and program management services increased from 5% of a typical project in 2000 to 5.7% in 2007, according to a recent Construction Management Association of America survey. During the same period, operating income for CM/PM firms dropped, showing that costs rose more quickly than fee income. Healthcare and education sectors offered the lowest media feeds while highway and bridge construction offered the highest. The survey cited a tightening labor market, aging workforce and aging infrastructure as factors leading to a growing reliance on outsourced CM/PM services.
