Kyrealestatebyzip Construction Mortgage How Much Does A Construction Contractor Make

How Much Does A Construction Contractor Make

It depends on the scale of the project. It also depends on whether your are a direct contractor to the project or a contractor to a main contractor. (i.e sub contractor) I’ll explain it to you with a help of example so that you can understand it b.

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General Contracting and the Rule of Thirds. If around 25 percent of gross profit goes towards overhead expenses, a contractor will only make an average of about seven percent in profit from a job. In some cases, a contractor who manages a project exceptionally well may be able to bring this up to 10 percent-but this is rare.

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Contractors strive to make a bigger profit margin on smaller jobs — from 15 to 75 percent. Larger jobs, or those done using "cost plus" accounting, in which the contractor is paid a margin over and above costs, frequently carry a narrower profit margin, sometimes as low as 3 to 4 percent.

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If you lined all the general contractors up from the lowest paid to the highest, the person in the middle would earn $62,097 in 2018. That figure rises to $89,300 for construction managers who typically are employed by large construction companies.

Construction Laborers earn an average of $16.08 per hour, or $33,450 per year. Electricians earn an average of $26.01 per hour, or $54,110 per year. Flooring and Tile Contractors earn an average of $19.35 per hour, or $40,250 per year. general contractors (including construction managers) earn an average of $43.93 per hour, or $91,370 per year.

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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