Wrap-Up Admin Service Fees Vary Greatly Industry-Wide

摘要

One of the potential benefits of controlled insurance programs (CIP) for project owners and general contractors is cost savings. Unfortunately, huge variations in fees from administrative service providers make savings hard to predict. One recent $250-million project saw bids on the administration services range from $250,000 to almost $1 million. It is difficult to define a single rule of thumb, but commonly, administrative service fees range from .08% to .12% of total construction values for the program.