Typical fee for a GC vs Construction Management for a multi family new build?
I’m curious as to what a typical fee structure is for a GC vs CM (as agent or at risk) for a new multi family build in the low 8 figures?  (I’m in Western Canada)
[{"id": "iebrbzm", "text": "Cant say exactly but it can depend what is in the \u00ab\u00a0general conditions\u00a0\u00bb as well, there can be overhead type expenses in general conditions that some GCs or CMs include in their fees.  Hard to get apples to apples comparison. So I\u2019m curious what others say.", "replies": [], "depth": 1}, {"id": "iebywjn", "text": "Here in Texas it depends on the contract type. For cost plus, which is virtually nonexistent right now, you see ranges between 5-10% profit. GMAX I\u2019ve seen same range, around 7.5%", "replies": [], "depth": 1}, {"id": "iecgsz2", "text": "Low 8 as in like 30-50 or 10? Anything above 25M is gonna be closer to 2.5+2.5 for GC+Fee for GMAX, I think CM fees are around 1-3% all-in at this point but that's not at risk, just as a 3rd party.", "replies": [{"id": "ieclp8m", "text": "$10-12mm hard costs.", "replies": [{"id": "ieg20y1", "text": "The general rule of thumb is that smaller deals have bigger margins.  Something like this could have a 7.5 all in for gc or something along the lines of that, but it's more up to market at this point. Whatever you can get is what you take", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]