How Much Do You Need to Spend for a General Contractor?

Woman talking to a construction manager

The cost of hiring construction managers to fix problems around the house can be expensive in the U.S., although delegating tasks to someone else makes it a worthwhile expense.

For instance, as Van Matre Construction, LLC noted, home foundation repair contractors can spare you from the stress brought by the time-consuming project. The typical price for hiring a construction manager ranges from $3,000 to around $51,000, although you could spend as low as $1,300 or up to $180,000.

Cost of Employment

When planning a budget for employing construction managers, you can come up with an estimate by knowing if their rates are fixed or based on the project’s cost. Construction managers may charge their customers based on around 3% to 5% of the construction expenses.

You should also make sure that the one you hire is aware of Occupational Safety and Health Administration (OSHA) regulations and building policies. Choose an insured contractor to protect yourself from unwanted expenses during the project, including workers’ injuries. In some cases, the contractor may also give some expert advice on the best solution to a problem prior to fixing it.

Foundation Repairs

Contractors are generally responsible for overseeing project expenses, but it pays to be familiar with the different prices. If you hired them to replace your home’s foundation, the estimated price for a monolithic concrete slab cost an average of $4 per square foot. A stem wall concrete slab or a pier and beam each cost an average of $5 per square foot. A crawl space is more expensive at $7 per square foot, while basement foundations cost the most at $18 per square foot.

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Take note that where you live also determines how much you need to spend on hiring contractors. Ask for references from a company’s previous clients to know that you would truly get your money’s worth.