What does the term 'agency CM' refer to in construction management?

The term 'agency CM' specifically refers to a construction manager that acts on behalf of the owner throughout the project lifecycle. This role involves representing the owner's best interests, providing advice, and overseeing the project without taking on the financial risks related to construction. This includes responsibilities such as managing the project schedule, budget, and coordinating with contractors and other stakeholders involved in the project.

The agency CM operates under a contractual agreement with the owner and does not directly engage in the construction work—rather, they serve as a facilitator and guide. Their focus is on ensuring that the project is executed according to the owner's vision and specifications, making them a pivotal part of the construction process from planning through completion. This understanding highlights the significance of the agency CM's role in protecting the owner's interests and ensuring project success.