What key performance indicators are commonly reviewed in the CMS?

The correct answer reflects key performance indicators that are essential in evaluating the effectiveness and efficiency of construction management. Budget adherence indicates how well a project stays within its financial allocations, which is critical for profitability and resource management. Schedule compliance measures how closely a project adheres to its timeline, helping to identify any delays or challenges that could impact the overall success of the project. Quality of work assesses the standard of construction, ensuring that the output meets established specifications and satisfaction levels for stakeholders.

Other options include factors that may be relevant in broader business contexts but do not specifically pertain to the assessment of contractor performance in the CMS framework. For instance, customer satisfaction and employee turnover, while important, do not directly measure construction management effectiveness. Similarly, market share and advertising expenditures relate more to business strategy than to project execution or contractor management. Finally, while cost of materials and project type are relevant, they do not encapsulate the comprehensive view of performance that budget adherence, schedule compliance, and quality of work provide within the contract management scope.