Vice President (VP), Construction Salary
VPs of Construction receive generous compensation in the United States — earning an average of $127K per year, their standard salaries shoot well into the six-figure range. With some bonuses approaching $51K and certain profit sharing proceeds approaching $30K, overall incomes of VPs of Construction spread between $83K and $222K depending on individual performance. Residence and years of experience each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. A large number enjoy medical while the greater part get dental coverage. Vision coverage is also available to slightly less than one-half. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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.