2020 General Contractor Rates Per Hour | Average Contractor Fees

Average General Contractor Costs

Average Cost $4,000
High Cost $58,000
Low Cost $250

Standard General Contractor Fee Percentage

the fee percentage for a general contractor if 10% to 20% of the total project cost.

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. The GC packages their fee in with all services for one total price. They pay on your behalf for services, subcontractors and materials.

Contractor Pricing

Contractors price their work as a markup on various services and materials in order to cover factors like:

  • Labor and workers’ compensation
  • General liability and other insurances
  • Overhead for staff, office and operations
  • Taxes
  • Profit

Commercial General Contractor Fee vs. Residential Construction

Commercial general contractor fees can be higher than those for residential construction depending on factors that impact overhead —

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General Contractor | Renovation | Residential and commercial NYC

When it comes to minor renovation or remodeling of any room in the house or apartment, the home owner can contact a construction company and a team of a few workers are bound to quickly and easily fix your problem.

However, it is obvious that such an approach will not bring a positive result if the solution to your problem requires the involvement of a large number of workers of different specialties, the acquisition of a large amount of construction materials and the use of powerful construction equipment.

A good example is the construction of a new house. In this process, as a rule, different construction crews are involved simultaneously or sequentially, and the work of the crews should be well coordinated in order to ultimately achieve the set goal.

General contractor as the main actor in the course of large-scale construction

When carrying out large-scale construction work, you cannot

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The 10 Best General Contractors Near Me (with Free Estimates)

A commercial contractor provides similar services as a residential general contractor but specializes in working with large-scale projects for businesses, schools, nonprofits, governments and development firms. When researching commercial general contractors, review their portfolio of work and confirm they have ample experience working in the area you need. For example, if you are building a small strip mall, ask if the contractors have experience successfully incorporating all the needed elements such as a parking lot, meeting ADA requirements, accessing the proper permits, and completing work on time.

Once you’ve identified several qualified candidates, request bids for your project and then compare the scope of work with your needs and budget. Your commercial general contractor should oversee design, permitting, construction, materials purchase, and adherence to building code and zoning regulations, as well as sticking to an agreed-upon budget and schedule. It’s important to establish clear communication with your future commercial general

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15 Best General Contractors Near Me

For remodeling and other large-scale home projects, hiring a general contractor can make the difference between a chaotic and stressful waste of time and a hassle-free experience. They are a “jack of all trades” who make sure a job is completed on-time and within budget. They hire and manage subcontractors, pull permits, buy materials, and handle issues related to liability and warranties.

While it’s important to get quotes from at least 3 contractors before hiring anyone and to watch out for warning signs (for example, if they request the entire payment upfront), it can be equally as important to make sure they are nearby. Contractors in your area can negotiate better prices for materials and labor, can source local materials, and typically know your area’s code requirements.

When you start to interview candidates, here are some questions you should ask:

  • Are you licensed and do you have general liability and
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Local General Contractors | Angie’s List

1. How much do contractors typically charge?

Answer: The average cost to hire a contractor is between $45 – $85 dollars per hour, while some may be more expensive, there will typically not be any cheaper options that would be qualified and licensed to do the contracting work.

2. How much are typical contractor project costs?

Answer: The average cost for a construction, redmodeling, or contractor project is between $4,000 – $18,000 dollars.  However, each project is different and costs can range from $1500 to change a small room, compared to millions of dollars for a whole home remodel or construction.

3. Should contractors be certified or licensed?

Answer: Yes.  Each state has their own requirements for licensing and certifications for contractors.  Be sure to check our state licensing tool to review the local contractor guidelines.

4. What questions should I ask a contractor?

Answer:

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