How much do general contractors make in Colorado?

General Contractors (including construction managers) earn an average of $43.93 per hour, or $91,370 per year. The average Remodeling Contractor salary in Boulder, CO is $51,634 as of November 25, 2020, but the salary range typically falls between $45,169 and $60,576. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.General contractor management fees generally total 10 to 20% of the project cost. The rate can get as high as 25% depending on the size of the project.The fees are calculated from a markup on materials, subcontractor labor and the total price of the job. The GC packages their fee in with all services for one total price. They pay on your behalf for services, subcontractors and materials.Commercial general contractor fees can be higher than those for residential construction depending on factors that impact overhead -- insurance, permits, labor, equipment. However, they might be the same as residential if these factors don't significantly impact your GC's overhead or if your project isn't competing with other jobs at the time.For example, if your commercial project requires added administration in order to accurately manage subcontractors, insurance and building codes, you might pay a higher GC fee. Also, if your GC is in demand and has to pass up on other opportunities in order to take your job, you might pay a higher fee.

To learn more information about Requirements to Becoming a General Contractor, check out this article: Requirements to Becoming a General Contractor