Full Definition of DERIVATIVE. 1. : a word formed by derivation. 2. : something derived. 3. : the limit of the ratio of the change in a function to the corresponding change in its independent variable as the latter change approaches zero.4. a contract or security that derives its value from that of an underlying asset (as another security) or from the value of a rate (as of interest or currency exchange) or index of asset value (as a stock index). See derivative defined for English-language learners. See derivative defined for kids.
So, how much does a contractor cost, anywhere from 5% to 25% of the total project cost, with the average ranging 10-15%.xactly how a general contractor charges for a project depends on the type of contract you agree to. There are three common types of cost contracts, fixed price, time & materials and cost plus a fee. Each contract type has pros and cons for both the consumer and for the contractor.
All phases described in the design process can be negotiated as an hourly service or as a fixed percentage of construction cost to best suit your needs and budget as follows: 8% SERVICE FEE: Eight percent service refers to 8% of the actual construction cost by a licensed contractor. This service option package includes programming, schematic design, design development and all the necessary construction documents in which to obtain a building permit and construct your new home, addition or remodeling.