What is construction-management fee?
A GP fee (often 3% to 5% of hard or project costs) for managing renovations, capital projects, or development work, to be scrutinized when an affiliate controls the work.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.