Can you build a shopping center for $100,000? where? One building may cost that, or more.
Your arch/Engr cost may approximate 15%. 4-5 professionals may spend 200-300 hours total. So, full-time equivalent job is .1 to .15 people for whole year.
Your construction labor may employ 40-50 people, withdifferent subcontractors, at different times during, say, a 3 month project, expending 1,000 hours or more total. At 40 people, the average time spent on a job would be 25 hours, or say about 3 days each. so, a full-time equivalent (FTE) would be about a 1/2 person for a year. What this means is, it would take 1 person, if he had all those skills, 6 months to do all that labor work.
So, when each person/subcontractor finishes his work, he's looking for another project. . . . .or goes home on unemployment.
Nov 11, 2010