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This form is used by proposers to submit their proposed Construction Manager/General Contractor (CM/GC) fee percentage for the I-5 Willamette River Bridge project, including a breakdown of the fee
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How to fill out cmgc fee percentage form
How to fill out CM/GC FEE PERCENTAGE FORM
01
Obtain the CM/GC Fee Percentage Form from the relevant authority or website.
02
Read the instructions carefully to understand the requirements.
03
Fill in the project name and relevant details at the top of the form.
04
Enter the estimated construction cost in the designated field.
05
Specify the percentage fee you are requesting based on the estimated construction cost.
06
Provide any additional information or documentation required by the form.
07
Review the completed form to ensure accuracy.
08
Submit the form as instructed, either electronically or in hard copy.
Who needs CM/GC FEE PERCENTAGE FORM?
01
Project owners or sponsors who are using the Construction Manager/General Contractor (CM/GC) delivery method.
02
Contractors or firms interested in providing CM/GC services for a project.
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People Also Ask about
What percentage of construction costs?
On average in the 2024 NAHB survey, 64.4% of the final house price was attributable to construction costs, 13.7% to the cost of the finished lot, 5.7% to overhead and general expenses, 2.8% to sales commissions, 1.5% to financing costs, 0.8% to marketing costs, leaving 11.0% for profit (prior to taxes).
What is the average management fee percentage?
Monthly Management Fees Typical rates range from 8-12%, with 10% being most common. So, for example, if your rental property brings in $1,500 monthly rent, you would pay your property manager around $150 each month. This monthly fee remains the same regardless of whether the property is occupied or vacant.
What percentage does a GC charge?
General contractors charge a fee percentage of 10% to 20% from a markup on subcontractor labor, materials, and the total project cost. The percentage markup may be based on a fixed price or an adjustable amount known as a Cost-Plus agreement.
What are typical project management fees?
Project management fees in construction generally range between 3% to 10% of the total construction cost. However, this percentage can vary based on several factors, including project complexity, scope, and duration.
What percentage of cost is general conditions?
Typically, general conditions account for around 5-10% of a project's total cost, though this can vary based on project size, complexity, and specific needs at the site.
What is included in a CM fee?
Construction Management Fee means a fee or other remuneration for acting as general contractor and/or construction manager to construct improvements, supervise and coordinate projects or to provide major repairs or rehabilitation on a Property.
What is the percentage of construction management fees?
Construction managers usually charge 5% to 15% on top of the total project cost, but they may use other pricing structures.
What is the fee percentage for a general contractor?
General contractors charge a 10% to 20% fee percentage of construction costs for large projects and a fixed, daily, or hourly rate for small jobs. Contractor hourly rates are $50 to $150 per hour on average. General contractor pricing depends on the labor and material costs, project size, and location.
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What is CM/GC FEE PERCENTAGE FORM?
The CM/GC FEE PERCENTAGE FORM is a document used to report the fee percentages for Construction Manager/General Contractor services on a project.
Who is required to file CM/GC FEE PERCENTAGE FORM?
Construction managers and general contractors involved in projects that require reporting fee structures are typically required to file the CM/GC FEE PERCENTAGE FORM.
How to fill out CM/GC FEE PERCENTAGE FORM?
To fill out the CM/GC FEE PERCENTAGE FORM, one must enter project-specific information, including the contract amount, fee percentage, and any additional relevant financial details.
What is the purpose of CM/GC FEE PERCENTAGE FORM?
The purpose of the CM/GC FEE PERCENTAGE FORM is to ensure transparency and accountability in reporting the fees charged by construction managers or general contractors on specific projects.
What information must be reported on CM/GC FEE PERCENTAGE FORM?
The information that must be reported includes the project name, contract amount, fee percentage, contractor's name, and any applicable dates.
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