Question about GC's fee in the Bay area.

[John Choi]

The construction cost has been soaring in the last 3 years in the Bay area (I work in the corporate construction industry and our project management office is forecasting 10% escalation in all of the MEP trades in this year). I am wondering how much average GC's mark-up is in small residential market in the bay area in these days? In other words, how much do you expect to pay when you hire a GC for the full rehab project?

Your answer is appreciated. 

Thank you 

[Karen Margrave]

This is a great question. There are people posting on BP everyday wanting to know how much contractors charge for contract jobs, etc. I hope people weigh in from different areas. Obviously the bay area, Orange County, etc. are much higher than smaller markets where there's more competition for jobs. We don't do contract jobs, so I will be interested to see the feedback.