Table of Contents
What is GC and fee?
That model has largely been replaced by “GC & Fee” (cost of work plus contractor’s fee, typically 2 to 3 percent of the total project cost), especially Downtown projects.
How much does a GC charge per hour?
The average hourly rate to hire your own general contractor is about $50 per hour. However, general contractor rates can range from $30 to $85 per hour, depending on the type of project and where you live….General contractor rates per hour:
| National cost | $50/hour |
|---|---|
| Minimum cost | $30/hour |
| Maximum cost | $85/hour |
How much profit does a GC make?
Most general contractors are looking at about a 35% margin and so they need to a mark-up of 54%, or 1.54. Subs can often get a profit margin of 50%, so they need a mark-up of 100% or 2x, as the table on the right makes clear.
How are GC fees calculated?
General contractor management fees generally total 10 to 20% of the project cost. The rate can get as high as 25% depending on the size of the project. The fees are calculated from a markup on materials, subcontractor labor and the total price of the job.
How do GC get paid?
How Do Contractors Get Paid? The way that general contractors get paid is with a percentage of your project cost. They build this percentage into your cost based on markups on materials, supplies, labor and more. Some ask for a portion of the cost upfront and the rest when work is complete.
Is it cheaper to hire a general contractor?
The cost of a general contractor depends on the price of the overall completed project. Some will charge a flat fee but it is more common that you will end up paying a percentage of the overall project to the general contractor. In general, they charge between 10 and 20 percent of the total job cost.
How much does a general contractor cost?
It will cost $300 to $400 per day to hire a general contractor. Many times, a general contractor will also be a carpenter and do a lot of the work that needs to be done.
How do general contractors charge?
General contractors get paid by taking a percentage of the overall cost of the completed project. Some will charge a flat fee, but in most cases, a general contractor will charge between 10 and 20 percent of the total cost of the job. This includes the cost of all materials, permits and subcontractors. Ultimately,…
What is the general contractor fee?
Standard General Contractor Fee Percentage. General contractor management fees generally total 10 to 20% of the project cost. The rate can get as high as 25% depending on the size of the project. The fees are calculated from a markup on materials, subcontractor labor and the total price of the job.