Our fees and typical fees of subcontractors
There are a few ways to invoice a client, and I'll explain our method and how much you can typically expect from various subcontractors. I do this in an attempt to have clients understand what it takes to begin a project.
How we bill you, our client
Construction Management
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General
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Most construction managers will charge anywhere from 15% to 25% of the total project costs. This makes my hourly rate extremely reasonable and helps keep both myself and my clients happy with my involvement in the project.
To give you an idea of what this means to you for invoicing. For the pre-construction phase on a major renovation project size of 1,500 SF project - my typical involvement will be about 5 to 10 hours a week depending on how involved the Owner would like me to be with the design phase to insure the project will be more efficient during the construction phase (100% recommended for big, new construction or complex projects). Pre-construction would include time for getting permits, bids, correspondence with project professionals and Owner, plan review, and anything else that will be needed before physical work begins. For the same project example and during construction phase, it will be about the same number of hours based upon a straight forward major renovation. If there is a good GC, my hours will be very minimal. If TB&R is the GC these hours will be very minimal or incorporated into the project costs. The square footage, up to a certain point, plays very little into how many CM hours are needed. I would say anything up to about 5,000 SF takes about the same number of hours on our part. It's really the complexity that changes the number of hours, not the square footage. There have been WAY too many stories I've heard from friends and clients about getting a bid, or hiring a contractor and getting screwed. Or worse, see crappy work unfinished and obviously being performed by people with no pride and integrity. I HIGHLY recommend a CM for any size project to make sure you're not being ripped off, bad quality to cost, potentially damaging work, or being left with incomplete work. |
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