Renovating on a Budget?

I’m about to risk raising some eyebrows with this suggestion, but I’m going to make it anyway.

There is a simple way for homeowners to save significant sums on renovation projects. And that is, if you cannot act as your own general contractor, hire an Owner’s Project Manager (O.P.M.) to manage the project on your behalf.

Why should that raise eyebrows? Because it relieves the general contractor of that duty, and therefore also relieves him of a hefty mark-up on the subcontractors. Don’t get me wrong, I believe in the function of a general contractor, especially on large and complex projects (in which case having both an O.P.M. and G.C. would be a good idea). But, on smaller projects where the G.C. may be only funneling work to the subs and there is not a lot of work for his own crew, an O.P.M. seems to make sense.

A G.C. doesn’t really want to be bothered with a bathroom renovation, for example, where there is little carpentry involved. However, some homeowners have neither the time or the inclination to be their own G.C. This is where an O.P.M. can help. An O.P.M. can organize the project, coordinate the subs, communicate between the client and subs, make decisions on behalf of the client when necessary, manage the schedule, manage the budget, and see that everything is done according to the project specifications. For this service, an O.P.M. could save a client literally thousands compared to a G.C.’s mark-up.

If you plan to give it a try, look for an experienced Construction Project Manager, preferably with a Construction Supervisor’s License and general liability insurance.   Here is one resource for locating a Construction Project Manager in your area:

http://cmaanet.org/find-a-cm-pm

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