
Who is Troy Management
Group, Inc.?
Troy
Management Group, Inc. is a company that specializes in Construction
Management. After working for a Design-Build General Contractor
for nearly 12 years Michael Hart started his own company
in the fall of 1994 and incorporated in the spring of 1995.
With his knowledge of the construction business, he felt
he could be a benefit to owners during their construction
projects. Mike often makes the comparison of being a prosecuting
attorney for 12 years and is now a defense attorney.
What is Construction
Management?
This is an alternative method for delivery of a Building
Construction project. Construction Managers plan & control
a project effectively, provide quality assurance, and control
time & cost. Troy Management Group, Inc. takes the project
from its conception through completion for a flat fee regardless
of the cost. There is no mark-up on contractor’s prices.
Our approach to projects allows an owner to benefit from
our construction knowledge at a cost that is less than General
Contractors mark-up and supervision fees.
When should I
hire a Construction Manager?
A Construction Manager should be hired early on in
the project in order assist in developing the owners program.
We can prepare a project budget, schedule and solicit design
professionals on behalf of the Owner. This allows for a team
to be set early on who work in concert to meet the owner’s
objectives.
Does it cost
more to hire a Construction Manager early in a project?
No. With Troy Management Group, Inc. on-board early
in the project, we make suggestions to assure the project
will be built with-in the time frame and budget. Furthermore
with value-engineering we can suggest alternative methods
and materials which have a positive impact on the budget
and schedule.
How is this method
different from hiring a General Contractor?
Traditionally, a General Contractor will only see
bid documents after they have been completed. They are not
in a position to suggest changes to benefit an owner. A contractor
typically does not use a large mark-up when bidding but makes
the majority of their profits in “buying-out”
the project. In the Construction Management methods used
by Troy Management Group, Inc. the Owner benefits from all
cost savings and there is no mark-up on any contractors’
prices.
Can
the quality and end result of a project differ in these two
methods?
Absolutely! Construction Management is the only service
Troy Management Group, Inc. performs. Our role, first and
foremost, is as an advocate for the owner thus we are not
conflicted with profit opportunities of design professionals
or contractors. In a bid & spec type project a General
Contractor must look at all aspects in order to improve their
profitability. This may result in choosing a subcontractor
or alternative material which may not be best suited to an
owner’s particular needs. With every dollar saved by
a General Contractor the project becomes more profitable.
With the Troy Management Group’s method of Construction
Management, any cost savings can go to reduce the owner’s
bottom line or for upgrades they may wish to incorporate.
Thus there is valued added to the project at no additional
cost above the construction budget.
Where is the
cost savings in the Construction Management method of building?
In the bid & spec-general contractor method a
contractor applies a “mark-up” to all labor,
materials, equipment and sub-contractors. In the Construction
Management method we utilize, the mark-up and any cost savings
in “buying-out” the project goes directly back
to the owner, thus you are building for “cost”.
Quite often we find sub-contractors prefer to work directly
for the owner and provide more competitive pricing rather
than working “through” a general contractor.
At Troy Management Group, Inc. we base our fees on the term
of the project rather than a mark-up or percentage. Thus
the owner will only pay a management fee and supervision
fee which contractors must carry as overhead. |