Vice President (VP), Construction Salary
Male VPs of Construction number significantly more than their female counterparts, and average earnings in this role come out to $135K per year in the United States. Total cash compensation to VPs of Construction approaches anywhere from $82K on the lower end to $208K on the higher end; in exceptional cases, this can include more than $42K from bonuses and upwards of $25K from profit sharing. Geographic location and tenure each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The majority of workers are highly satisfied with their job. Respondents to the PayScale salary survey provided the data for this report.
|Salary||$79,809 - $182,956|
|Bonus||$4,783 - $41,764|
|Profit Sharing||$0.00 - $24,832|
|Total Pay (||$82,475 - $207,811|
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. (Copyright 2017 PayScale.com)
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.
Vice President (VP), Construction Job Listings
Pay Difference by Location
For VPs of Construction, busy New York offers a higher-than-average pay rate, 62 percent above the national average. VPs of Construction will also find cushy salaries in Seattle (+36 percent) and Chicago (+34 percent). Location is a huge contributor to overall pay, with VPs of Construction in Indianapolis earning a whopping 38 percent below the national average. Employers also pay below the national average in Atlanta (36 percent lower) and Houston (19 percent lower).
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