Developers / General Contractors - how much is your GC charging you for OH / Site Supervision
Curious to know what is being charged in the market right now for supervision (general conditions) and overhead for ground up multi family developments.
Curious to know what is being charged in the market right now for supervision (general conditions) and overhead for ground up multi family developments.
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5-6.5% for GCs, on the lower side for large contract value projects (ie, $50M+ hard cost value) in a GC & fee/GMP type pricing structure. That excludes corporate overhead/G&A which is obviously just covered by their general fee percentage , which is in the 3-4% range. Major east coast market.
OH&P (Fee) is pretty consistent around 3 - 5%. Guys I work with a lot is on the lower end. For General Conditions including supervision, this number seems to run around 7% of cost of work. Depends on how they are set up for staffing. The staffing/supervision breakout from the General Conditions runs about 60% of the overall GC's. Thats a full heavy staff of on site PM, APM, PE, a couple of superintendents, maybe more. I find the multi family projects take more staffing than any other asset I have built. Major West Coast market.
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