owner's behalf, F.L. Hoffman Corporation collects and prepares all paperwork required for
monthly bank requisitions Requisitions processed by our firm are accompanied by all
necessary documentation required by the project specifications, lending institutions and
owner. The forms and procedures utilized by us have been praised and accepted by virtually
all lending institutions and offer unsurpassed protection of the owner. Approved payments
are promptly forwarded directly to the contractors and suppliers, thereby improving
jobsite workflow and morale.
Frequently Asked Questions
- How does the Construction
Management benefit the owner?
The CM gets involved early in the design phase and acts as owners agent to ensure that
the project remains in budget throughout the design process. The CM then assists the owner
in arranging for the contractors and the suppliers who will actually do the work, and
coordinates these various trades with the efforts of the Architect to ensure the project
is completed on time and within budget, without sacrificing quality.
- What soft cost savings can be
Typically, the use of a Construction Manager will save money through the elimination of
certain services, which would otherwise have to be performed by the architect. This
includes duplicated field inspections, cost estimating services, bidding, etc
. On a
typical $4 million project, a 1-% reduction of an architect's fee saves you $40,000
through the elimination of services architects prefer to avoid anyway.
- What mark-ups are charged on the
costs known as general requirements: such as temporary office, telephone, toilet
facilities, utilities and field supervisory personnel?
With our Construction Management, approach, the owner pays only for the actual cost
with no mark-up. This typically saves an additional 1-%. Using the same $4 million project
in the above example, these savings would be another $40,000.
- What is the "team
The team approach involves the combined and coordinated efforts of owner, construction
manager, architect, and contractors. With it, the architect is notified of the cost
consequences of his design decisions as the project develops.
During construction, as questions and concerns arise, the CM coordinates the resolution of
issues through non-adversarial dialogue between the architect and contractor, while
defending the owner from unwarranted cost escalations. This liaison eliminates
shortcomings inherent in the traditional "GC method" whereby the GC and
architect are "at odds" with each other over plans vs. bid.
- Do I still have to hire a general
No. Since the construction manager has overall management responsibility, there is no
general contractor required.
- What affect does the construction
management approach have on my schedule?
A principal benefit of the CM approach is that it lends itself to "fast
track" or phase construction-which can often result in major timesaving. Redesign of
any out-of-budget packages can occur while in-budget portions of the work proceed on
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