"Professional Construction Management Needed for Successful Maintenance Projects"

HanmiGlobal announced on the 14th that it successfully concluded the seminar titled "Application Plan of Construction Project Management (PM) for Successful Redevelopment Projects" held on the 13th at the Science and Technology Center on Teheran-ro, Gangnam-gu, Seoul.

On the 13th, attendees of the seminar titled "Application Plan of Construction Project Management (PM) for Successful Maintenance Projects" held at the Korea Science and Technology Center on Teheran-ro, Gangnam-gu, Seoul, are taking a commemorative photo. / Photo by HanmiGlobal

Jungbok Lee, Executive Director of HanmiGlobal, stated that redevelopment and reconstruction projects involve many landowners, each with different demands and opinions, which often leads to conflicts and disputes, and sometimes even project stagnation, making professional PM necessary to manage project costs and timelines.

The PM proposed by Executive Director Lee refers to acting on behalf of the association to comprehensively manage various administrative tasks and partner companies, and to immediately resolve unforeseen issues during the project through meetings with the client, designers, and contractors. It also includes enhancing resident satisfaction and increasing the value of the complex by selecting optimal finishing materials within a limited budget and improving layouts according to current trends.

HanmiGlobal successfully carried out key tasks for the association, including design management, construction cost verification, and selection of partner companies including contractors, as the PM service provider for Yongsan Central Park Apartment in District 4 around the International Building in Yongsan-gu from 2018 to 2022. At the seminar, Kyudong Choi, chairman of the Yongsan International Building Surrounding District 4 Association, who attended as a panelist, said, "The PM company acted as the association's agent, mediating various conflicts and facilitating smooth project progress, while also achieving cost savings in construction."

At the seminar, Taehui Lee, a research fellow at the Korea Institute of Civil Engineering and Building Technology, addressed the topic "Problems of the Current Redevelopment Project Implementation Method and Exploration of Alternative Methods," pointing out issues with the existing designer and contractor selection methods. As an alternative, he proposed the Construction Manager at Risk (CM at Risk) method, where designers and contractors participate from the early stages of the project to negotiate within the client's budget and prevent construction cost disputes. Additionally, Jinsu Park, CEO of Mugunghwa Trust, introduced the trust method, which enhances project stability and can create synergy with the PM approach in redevelopment projects that often lack expertise and face various disputes.

The subsequent discussion was chaired by Professor Choongki Lee of the University of Seoul, with participants including lawyer Younghyun Yoon (Jeongbi Law Firm), Sangho Lee, CEO of Ventureville RMC, and Gidu Kim, a professional from Samsung C&T, discussing the necessity and direction of PM in redevelopment projects. Detailed seminar content can be found on the YouTube channels of the Korea Institute of Civil Engineering and Building Technology and HanmiGlobal.

This content was produced with the assistance of AI translation services.