Since 2012, there has been a lot of developments in the real estate and infrastructure industry especially in cities like Bengaluru, Mumbai, Delhi NCR, Hyderabad, etc.
Real estate market size by 2030 is forecasted to be 1000 Billion dollars compared to 120 Billion Dollars back in 2017 with most popular cities being Bengaluru and NCR collectively absorbing over 20+ Million Sq, Ft. of space for commercial / office space.
The 10X shift projected within a span of 13 years has opened up a lot of opportunities for architects, engineers and managers to pursue an interesting career in construction and project management.
One of the most anticipated and demanded role in this space is ‘Construction Management’.
What is Construction Management?
Construction Management, a.k.a Construction Project Management in simple terms is planning, coordination, and control of a construction project from beginning to completion.
Construction Management is composed of five sectors – residential, commercial, heavy civil, industrial, and environmental.
A construction manager will have in-depth knowledge about the functions of construction including project analysis, estimation cost and resources, safety, labour efficiency as well as Information systems and sustainability management.
Role Of A Construction Manager
- Define and translate project needs for the project to be built.
- Develop a project budget and schedule.
- Select a project architect, other design professionals (if needed), and the contractor.
- Oversee the development of project documents that potential contractors and others will need in order to bid on the work.
- Review bids and bidder qualifications.
- Control disbursements of funds as construction progresses.
- Coordinate and supervise the work of all contractors and subcontractors to be sure the job’s specifications are being followed.
- Facilitate communication among all team members.
- Respond to changing owner needs by implementing change orders to the project scope of work.
- Avoid delays, disputes, accidents and cost overruns.
- Coordinate the commissioning process, the final delivery of a completed project with every element accomplished and in alignment with project specifications.
With the growing demand and to meet the pace at which projects are expected to be completed, it takes solid professional management to bring even a relatively modest project to successful completion.
Companies today are looking for trained and certified professionals with specific knowledge, abilities, and experience to handle projects end-to-end. According to Bureau Of Labour Statistics, the average pay for Construction Managers with certification is $87,400.
Construction Management is an exciting, growing profession, full of challenge and opportunities to learn. In addition, Construction Managers earn good pay, enjoy highly varied and interesting work, and pursue clear paths of advancement throughout their career.
If you are interested in pursuing Construction Management, you can try XIME’s one year post graduation programme. Learn more about it here – https://pgcm.xime.org/?page_id=2420