What a Construction Manager / Owner's Rep Does
A construction manager (CM) or owner's representative is hired by the developer to oversee construction from the owner's perspective. They review GC pay applications, approve change orders, manage the construction schedule, coordinate inspections, and protect the owner's interests. CMs are especially valuable for owners who don't have in-house construction expertise or who are managing projects remotely.
Key Responsibilities
- Review and approve GC pay applications
- Evaluate change order requests
- Monitor construction schedule and budget
- Coordinate third-party inspections
- Serve as the owner's eyes on-site
- Manage lender draw process and documentation
When You Need One
On larger or more complex projects, or when the developer doesn't have direct construction expertise. Often engaged at GMP contract signing.
Typical Cost
Fee-based: 2-5% of construction cost, or hourly rates for smaller engagements.
How MaxLife Works With Them
MaxLife Development provides construction oversight directly on our own projects. We also coordinate with qualified CMs on behalf of investor clients who are financing development deals.