Vice President (VP), Construction Salary
On average, VPs of Construction in the United States earn six-figure salaries ($132K) annually, making for a very well-paid profession. Total incomes of VPs of Construction incorporate potential for, in a few cases, more than $50K from bonuses and close to $26K from profit sharing; these performance components cause packages to range between $80K and $223K. Residence is the biggest factor affecting pay for this group, followed by tenure. Most enjoy medical while a majority get dental coverage. Vision coverage is also available to approximately one-half. Job satisfaction for VPs of Construction is high. The data in this summary comes from the PayScale salary survey.
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|Salary||$77,675 - $184,916|
|Bonus||$4,921 - $50,403|
|Profit Sharing||$0.00 - $25,532|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$80,046 - $223,228|
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
Home to some of the best pay for VPs of Construction, New York offers exceptional salaries, 65 percent above the national average. VPs of Construction will also find cushy salaries in Seattle (+39 percent) and Chicago (+37 percent). Place of residence plays a huge part in a VP of Construction's salary, with Indianapolis VPs of Construction earning salaries that are 37 percent less than the national average. Atlanta and Houston are a couple other places where companies are known to pay below the median — salaries are 34 percent lower and 17 percent lower, respectively.
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Key Stats for Vice President (VP), Construction
Rated 5 out of 5
based on 15 votes.