8 High-Paying Construction Jobs for Independent Contractors

Working as an independent contractor allows one to have more control over the workload and freedom to choose assignments based on one’s financial requirements and time constraints. Along with flexibility and growth opportunities, contractors can get a chance to work on high-end projects, especially in the booming construction sector. The construction industry is projected to grow exponentially over the next ten years’ time. So, independent construction contractors specializing in various jobs have been in high demand.
Who is an independent contractor?
An independent contractor can be a person, business, or corporation that provides goods or services under a contract. The earnings of a contractor are subject to self-employment tax. Contractors can advance in their careers by completing apprenticeships or technical courses along with their regular degrees. The construction industry offers a wide range of employment choices to independent contractors. Based on one’s expertise, one can choose the following high-paying construction jobs:
Construction managers
Construction managers are also referred to as general contractors. Their primary responsibility is planning, organizing, managing, and supervising construction projects from start to finish. The work may also entail preparing and submitting project budgets, estimates, and timelines, coordinating with teams, and monitoring progress. To help with large projects, construction managers may collaborate with other managers or hire subcontractors.
Qualification requirements
Since the work needs meticulous evaluation and excellent problem-solving skills, construction companies usually prefer a contractor with a post-secondary education. To operate as a construction manager, one may need a bachelor’s degree in construction management, construction science, business, civil engineering, or related fields. One can also start with a construction management diploma.
Growth and earning potential
The Bureau of Labor Statistics estimates that the employment of construction managers is likely to increase at a 10% CAGR by 2028. Construction managers make about $98,890 per year. The Annual Provincial Median Salary is $84,217.
Elevator installers and repairers
These professionals primarily work to fix or repair, maintain, and newly install moving walkways, escalators, and elevators. However, since they are required to lift large objects, stand for extended periods of time, and operate in confined spaces, installers and repairers are expected to be physically fit.
Qualification requirements
Usually, a high school diploma or equivalent qualification is enough to be an elevator installer or repairer. One may need to complete a four-year apprenticeship program that provides practical work experience.
Growth and earning potential
The BLS predicts that there will be about 2,500 job openings annually for elevator installers. Since most installers and repairers are licensed and have specialized training in their area, the earning potential is quite promising. Their hourly wage is up to $47.05, with $97,860 as their median yearly income.
Civil engineers
Civil engineers are mainly tasked with construction design, cost analysis, and site testing. In the early stage, civil engineers use software to design creative and resilient infrastructure as per the requirements of the industrial project. In addition, they also ensure that the construction plan is in tandem with all government rules. Usually, civil engineers work in offices at the initial design stage and then on construction sites to oversee the project.
Qualification requirements
Since the field is highly technical, civil engineers must have a bachelor’s degree and get a valid license.
Earning potential
Civil engineers can earn a median salary of $88,050.
Boilermakers
Boilermakers handle everything from manufacturing to installing and repairing boilers, tanks, or vats. These equipment heat fluids to generate electricity or process chemicals, oils, and other materials. Boilermaker’s job is physically demanding and comes with some health and occupational hazards.
Qualification requirements
Boilermakers are required to follow through a four-year apprenticeship, and as per the individual state rules, they may be required to have a license.
Earning potential
The median salary of a boilermaker is up to $64,290 or $30.91 per hour.
Building inspectors
Building inspectors review construction plans and conduct on-site inspections frequently to ensure that the building complies with government rules and regulations. The government usually hires these professionals, but they may also work for companies or engineering firms. Inspectors may work either as full-time employees or as contractors.
Qualification requirements
Building inspectors may require a bachelor’s degree in engineering or architecture. Some courses in mathematics or business management may also help.
Earning potential
The median salary of a building contractor is $61,640.
Roofers
A roofing contractor is tasked with all repairs and replacement services related to constructing roofs. Commercial roofing contractors usually install flat or low-slope roofs and specialize in large buildings over 5,000 sq. ft. long. Alternatively, residential contractors are suitable for houses. System-specific contractors work with commercial complexes and residents but specialize in a particular roofing style.
Qualification requirements
Building inspectors usually require a bachelor’s degree in engineering or architecture. Some courses in mathematics or business management may also help in career advancement.
Earning potential
The average earning of a roofing contractor is $75,000 per year.
Plumbers
These contractors identify and resolve issues with pipes and plumbing. A plumber may also accept a contract for new construction along with repair work. Similar to plumbers, pipefitters and steamfitters can also work as independent contractors. They work with systems carrying chemicals, acids, and gas.
Qualification requirements
A plumber may be required to complete an apprenticeship program, pass the journeyman exam, get a plumbing license, and register one’s business to work independently.
Earning potential
The average earning of a roofing contractor is $75,000 per year.
Carpenters
Carpenters build a variety of structures like framing, cabinets, and furniture using materials like wood, fiberglass, or plastic. These professionals have meticulous tasks.
Qualification requirements
With a general diploma, carpenters can kick start their careers with an apprenticeship that teaches the basics of carpentry skills and techniques, construction safety, mathematics, blueprint reading, laws, and more. They can also learn through on-the-job training.
Earning potential
Independent carpenters can make up to $81,000 annually.