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How to Compile Salary Contract

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The BLS reports a mean salary of about $94,590 for construction managers as of May 2014. Based on a Payscale.com survey of building contractors with Class B-1 licenses, top earners made more than $110,000. However, these license holders earned a median annual salary of about $59,738.
Find out what is the average General Contractor salary Entry level positions start at $23,400 per year while most experienced workers make up to $176,375 per year.
Find out what is the average General Contractor salary Entry level positions start at $23,400 per year while most experienced workers make up to $176,375 per year.
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.
Many states require licensure for general contractors. In terms of salary, if you lined all the GCs 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.
Pay by Experience Level for General Contractor An experienced General Contractor with 10-19 years of experience earns an average total compensation of $30.87 based on 669 salaries. In their late career (20 years and higher), employees earn an average total compensation of $39.
Some contractors get paid on an hourly basis. For example, a computer programmer might get paid for hours worked on programming tasks. By the Job. The other payment alternative is to pay for the work done or by the job.
You shouldn't pay more than 10 percent of the estimated contract price upfront, according to the Contractors State License Board. Ask about fees. Pay by credit when you can, but keep in mind some contractors will charge a “processing fee” for the convenience.
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