What do most contractors charge per hour?
What do most contractors charge per hour?
Average General Contractor Rates However, the general range that one would expect to pay is usually around $25.00 to $85.00 per hour. Other contractors don’t charge an hourly rate. General contractors charge at about 10 to 20 percent of the total construction project cost.
How much do top general contractors make?
The salaries of General Contractors in the US range from $12,955 to $339,343 , with a median salary of $62,328 .
Which contractors make the most money?
Many of the higher rates fall to areas of specialization, like elevator installers, boilermakers, and pile driver operators. However, general construction supervisors, inspectors, and more common tradespeople like electricians can also earn higher pay rates.
Where do general contractors make the most money?
Hawaii: $70,750. Illinois: $68,940. Alaska: $66,430. New York: $66,390. Massachusetts: $65,520. New Jersey: $64,560. Washington: $63,660. California: $61,400.
How do you price labor?
The labor rate pricing is determined by adding the hourly rates of the employees who will be working on a single project. That number should then get multiplied by the labor burden and markup. Always round up to the next dollar in these scenarios. Using a nice, round number always makes it easier.
How do contractors determine labor cost?
Usually, you can find that number by dividing the indirect costs by the direct costs and multiplying that number by 100%. To satisfy our fellow numbers nerds, here’s the formula for calculating labor burden: Indirect Costs / Direct Costs x 100% = Labor Burden.
