As of 2014, contractors earn an average of $82,790 per year, or $39.80 per hour. actual salary varies based upon employment location, job title and experience level. General contractors, also referred to as construction managers or project managers, typically require an associate’s or bachelor’s degree in construction management, construction technology, engineering or architecture.
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The truth is, custom home contractors have different ways to make a profit on construction projects, and there are many correct ways to charge for services and make a profit as well. Most custom home contractors use a version of a "cost plus" or "fixed price" contract.
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So, what do General Contractors, or Construction Managers make? According to the Bureau of Labor Statistics page the Mean (Average) hourly and annual figures are $46.88 and $97,510, respectively. These figures are based upon 52 work weeks at 40 hours a week.
Construction workers employed in residential building construction earn slightly less than average at $32,560, but those that work in natural gas distribution make a mean $46,390 annually. The top-paying states for the profession are Hawaii and New York, where construction workers earn an average $51,500 and $49,350 respectively.
How much are the typical contractors fees to build a moderately priced home from the ground up and around $300K selling price? What is the % and if so, based on what? How do you give incentives like profit sharing, after expenses, to motivate the contractor to cut costs and save time?
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Fifteen years does not seem a great span of time. Yet when we look back to the UAE in 2004. Crown Prince of Abu Dhabi and.
Contractors Are Our Heroes! The rough and tumble world of construction company ownership is not for the weak or the timid. It is an arena where the price of admission is a lot of blood, sweat, tears, and long nights and lost sleep, with peaks of enthusiasm and depths of despair.
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