What role does the Management Contracting method serve?

The Management Contracting method primarily involves the contractor not just handling construction work directly but also advising the project owner on various aspects of the contract throughout the project lifecycle. This approach enables the management contractor to provide expertise from the early stages of project planning through to execution.

In this role, the management contractor coordinates among different parties, helps with scheduling, cost management, and procurement, and provides insights based on their experience, which ultimately contributes to project success. This supportive and advisory role distinguishes management contracting from a typical general contracting role, where a contractor solely executes the construction based on the designs and specifications provided.

While serving as a project financier could be a capacity of some contractors, it is not the principal function of management contracting. Additionally, the management contractor does not execute the construction work directly, but rather oversees it and may engage subcontractors to perform specific tasks, which contrasts with the typical responsibilities of a general contractor who is responsible for the day-to-day management of trades and construction work on-site.