Construction Job Salaries
Construction careers usually pay well compared to the education required. Electricians, plumbers, pipefitters, steamfitters, ironworkers, sheet metal workers, carpenters, and construction equipment operators earn strong median salaries ranging from $49,100 to $65,360. Construction and building inspectors earn the highest median salary at nearly $63,000. Construction managers, project managers, and company owners can potentially earn over $200,000 annually. General contractors average $43.93 per hour or $91,370 yearly.
Maximizing Profits in Construction
Profit margins for contractors typically range from 5 to 15 percent. Finding contractor work requires networking, referrals, and strong marketing. Contractors can benefit from flexibility and control over their work. High earnings require quality work and financial management. However, poorly managed projects can lose money. Remaining pleasant ensures smooth projects and good relationships. Contractors get clients through referrals, marketing, business development, and building long-term relationships.