The Cost and Benefit of Hiring a Real Estate Project Manager

A company that is planning a move, a renovation, or a complete out-of-the-ground construction, and that wants assurance of the project’s delivery by its targeted completion date and within its budget, is more likely to hire a 3rd party project management firm to oversee the whole project from start to finish.

The additional cost of bringing in an outside expert will be more than offset by the speed and quality of the project under that expert’s management PMP certification . Furthermore, good project managers can find competent vendors who can complete projects at competitive prices, they will know typical project pitfalls to avoid.

So how would hiring a project management firm cut project costs? In the following ways: Purchasing power. A PM can drive costs down based on their knowledge of the marketplace and can share cost effective purchasing strategies for items such as IT, furniture, and AV. Avoiding pitfalls.

By guiding the client through a project’s early planning process, a project manager can help the client avoid the costly mistakes and change orders that frequently occur when the company tries to manage the project on its own without recent and relevant experience.

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