Hi, I have been in the trade for 20 years working with a general contracting company. I have just recently become a building inspector 3 months ago in Vancouver. My friend has asked me to construction mangage the building of his new house. What would be a good rate to charge him and would he pay all the bills directly or would I pay them and take a cut. I was thinking I might charge him 35 dollars an hour. Thanks in advance for you ideas.
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You might want to see what the "going rate" is in your neck of the woods. If this is a good friend, are you trying to cut him a deal? One thing to consider when comparing hourly rates of similar positions: what benefits (insurance, etc) do those people get that you may not. Personally, I would put a dollar value to those benefits and add them to your hourly rate.
Wouldn't that be a conflict of interest? Building inspectors go to jail for that kind of stuff around here.
No conflict of intrest because I would not inspect my own work. Its simple.
Thirty five sounds cheap
You will want to have liability insurance too.
You want control of his construction account checkbook. Without control of the funding, you wil have no real authority that subs listen too. managing with no authority is a losing game
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You are right; thirty five is too cheap. Lead Carps charge out about 35 to 40. I think 55 is about right.
Good call on the liability insurance. Apperntly I can get it from the same company I get my house insurance.
I will have control of his construction account checkbook by signing every invoice before they are paid. Thanks for the good info Piffin.
DONT WORK FOR FREINDS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I'll second that comment. Working for a friend is just not worth it. The potential for conflict when things go wrong is too high.