Updated about 10 years ago on . Most recent reply
Project Manager Fees
Hello BP universe! I seek your advice and wisdom! Much thanks in advance!
I have an architect friend who lives overseas and is designing a remodel project of a single family residence for a client in the Bay Area. The scope of work involves renovations to the kitchen, relocating toilet fixtures, demo/ relocating some interior walls, and replacing some exterior doors and windows.
Since I live in the Bay Area and have an architecture/ design background, my friend has asked me to serve as a Project Manager of some sort and manage the project locally for him. Tasks would involve helping with the code/ permit process, choosing/ interviewing GC's, managing the budget and schedule, and overseeing construction. All the design and drawings would be done by him though I could get involved in selecting finishes and appliances if needed.
I've seen on the forums that project manager fees range anywhere between 8-15% of the rehab costs and some even charge hourly.
How much would one charge for such services? Would you charge a flat fee or an hourly wage, and if hourly, how much per hour?
Thanks all!