What is the minimum fee, in both dollars and percentage of construction contract, a general contractor would need on an upcoming $10 million bid project? Assume the following parameters:

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$100 million expected yearly corporate volume 2% home office overhead budget; A: Need $200k on $10m Owner's equity is $4 million; A: Need 15% of 10% 910 of 100) of 4m = $60k This project is estimated to have $1 million in direct craft labor; A: 50% = $500k This project is expected to last 12 months; A: $20k @ 2 @ 12m = $480k There is a full time PM and superintendent without a PE Cost accounting is performed out of the home office Equity owners expect a 15% ROE