Vice President (VP), Construction Salary
Men account for the majority of VPs of Construction in the United States. The overall average income for this group is approximately $133K per year. Total cash compensation to VPs of Construction approaches anywhere from $81K on the lower end to $213K on the higher end; in exceptional cases, this can include more than $49K from bonuses and upwards of $35K from profit sharing. Location and career duration each impact pay for this group, with the former having the largest influence. Most workers in this position report high levels of job satisfaction. Medical benefits are awarded to a large number, and the greater part earn dental coverage. This snapshot results from replies to PayScale's salary survey.
|Salary||$77,866 - $184,064|
|Bonus||$3,606 - $49,493|
|Profit Sharing||$0.00 - $34,521|
|Total Pay (||$81,274 - $213,406|
Job Description for Vice President (VP), Construction
Vice presidents (VPs) of construction are generally responsible for overseeing and directing (beneath the president of construction) the activities and expenditures of a construction company, as well as ensuring that all construction team workers are planning and designing structures according to the plans set forth by the the president. They may also oversee time-sensitive budgets on all projects and assure clients that jobs will be completed within specific time-frames.Read More...
The vice president of construction must ensure that all construction products stay within the budgets established before work began. They may also create plans for construction team workers and develop new systems and strategies which allow them to work more efficiently and seamlessly, and some may be charge of hiring and terminating employees, as well.
A bachelor's degree in engineering, construction management, architecture, or a related field is generally required for this position, and some companies may require a master's degree and up to fifteen years of experience in construction management. A background in organizational experience, management, overseeing planning within teams, and knowledge of the design and construction industry are all beneficial for success as a vice president of construction.
Vice President (VP), Construction Tasks
- Manage and coordinate land entitlement and construction development projects.
- Execute due diligence inspections, contracts, order changes, and project cost estimates.
- Direct construction managers and designers and aid in solving budget, scheduling and field problems.
- Support CEO and aid in identification and negotiation of new construction and development opportunities.
Pay Difference by Location
VPs of Construction will find that New York offers an impressive pay rate, one which exceeds the national average by 66 percent. VPs of Construction will also find cushy salaries in Seattle (+40 percent) and Chicago (+38 percent). VPs of Construction in Indianapolis make 36 percent less than the national average, proving that location is a major factor in pay. Two other places where employers offer below-median salaries are Atlanta (34 percent less) and Houston (17 percent less).
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Key Stats for Vice President (VP), Construction
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