General Contractors are the lead entity for building a home. They are responsible for ensuring that construction is completed on time and on budget. The general contractor is also the point of contact for all parties involved in the project.
When hiring a general contractor, you will want to check whether they have an insurance policy, and if so, it may be helpful to know what the policy covers. In addition, you should find out if they have workers’ compensation insurance. You can also find out if they are licensed in your state. Generally, contractors must have a license to perform work within their own jurisdiction, although in some states there is no such requirement. A surety bond is also often required.
General contractors perform a variety of services. These can include managing workers, securing grounds, or performing engineering functions. Some are also able to provide utilities on site.
GCs have their own staff, including foremen, and they often hire subcontractors. GCs are responsible for obtaining bids from subcontractors, and submitting an estimate. For large commercial projects, various subcontractors typically complete 80 to 90% of the work. Many GCs outline a payment plan based on the work schedule. However, GCs may ask for an upfront payment to get the job started.
When a client is deciding between a general contractor and a construction manager, they should consider the structure of the contract. An effective general contractor agreement will help protect the client from legal complications, unreasonable delays, and shoddy workmanship. It will also help to ensure that the client’s needs are met.
Depending on the complexity of the project, a general contractor will provide different services. They will also help to manage the project, including working with subcontractors, and they will keep everyone on schedule. Additionally, they will submit a proposal. This proposal will detail the scope of the project and the estimated cost, including labor, materials, and overhead costs.
Construction work is an intricate task. While the general contractor will be able to handle the day-to-day tasks, a construction manager will be able to focus on a larger financial picture. Their expertise will help to keep the design of the project on track, while keeping the budget within the client’s limits.
Before deciding which general contractor to hire, you should make a list of all the services you need. Consider how big the project is, how long it will take, and what you can afford. Also, be sure to have a detailed, written general contractor agreement in place. If a disagreement arises, this document can be a useful tool for mediation.
A good general contractor will be able to help you to better understand your budget. He will also be able to identify potential issues with your home and can help you make the most of your construction budget. Hiring a general contractor is a great way to get a solid and beautiful final product.
In addition to licensing, many states require specialized contractors to carry workers’ compensation insurance. If your general contractor does not have a license, you may want to seek out a different contractor.