Construction management jobs are expected to rise in the years to come. With more and more houses and buildings being built amidst the tough economy, it is important to note that a construction manager plays a great role in every project, whether it is residential or commercial.
Construction Management Pay
The average construction management salary in the US runs from $45,000 to $133,000 per annum, depending on the project and the responsibilities involved. For residential projects, the average construction management salary can reach $60,000 a year. In contrast, commercial projects are around $95,500 per annum.
Duties That Construction Managers Have To Carry Out
Before counting your potential income, you need to know the possible things that you’ll be working on as a project manager. Your construction management salary will always be dependent on these responsibilities. There are also some factors that may give you extra perks and incentives. For instance, tenure would mean an increase in yearly income. Although pay is an important aspect in any occupation, it is crucial that you know the responsibilities first.
Part of the construction manager’s responsibility is to ensure permits and work licenses. These things are crucial, especially when you are involved in commercial projects. Placing orders and making sure that the materials meet the standards is also part of your work. From preparations to the overall workload, all of these things will be your responsibility.
What Affects the Salary of Construction Managers?
Construction management jobs can play a crucial role in determining the success or failure of a house or a building development. It carries a lot of accountability, and getting paid involves a number of things. You have to understand that residential projects give you less remuneration while commercial projects will give you better pay. You will also have to consider the training and experience that you have accumulated through the years so that you can gauge the pay that you are going to receive from your employer.
Construction management salary also differs from one region to the other. There will be places where they have better salary range when compared with other states. New York, in particular, is known for its high cost of living and its demand for new constructions. New York may give better construction management salary to their civil engineers than elsewhere in the US. However, you should also be aware of the cost of living in the region.
In order to grow as a construction manager and for your salary to rise, it is imperative that you become competitive. There are various training programs that you can participate in. These courses can improve your skills as a project manager, and in the end, will give you the right compensation.