A General Contractor (GC) is responsible for the day-to-day supervision of a construction site, including the hiring and managing of all trades and vendors. As a GC, you will need to ensure that all parties are kept informed about the project. The general contractor will also have to deal with issues like licensing and worker’s compensation insurance.
Become a general contractor
If you’re thinking of becoming a general contractor, there are several steps you must take to get started. You’ll need to get licensed and insured, complete jobs, and build a solid reputation. You can start by completing smaller jobs and building relationships with people in your area. This will help build a good reputation and help you earn referrals. In addition, you’ll need to choose what business entity you want to use and register with the Secretary of State.
If you’ve got the skills and experience, but lack the formal education, consider attending construction management school. This will provide you with both the theoretical and practical skills necessary to succeed in the construction industry. While a bachelor’s degree is usually required, a master’s degree is often recommended as it will enable you to learn about all aspects of project planning. Once you’ve gained enough experience, you can become a project manager. However, this is not an easy transition and requires a large learning curve.
In order to operate as a general contractor, you must be licensed by the state where you live. This is done to ensure that your work meets local requirements. Licensing requirements can vary from state to state, as well as from city to city. For example, some states do not require contractors to obtain a license while others require licenses only for projects over a certain threshold. To qualify, you must show that you have proper insurance and references, as well as pass a general contractor written examination.
In some states, general contractors must obtain licenses for residential and commercial work. These licenses will be different in type and level. In addition, some states will require a license bond for residential and commercial projects. State licensing requirements also vary for subcontractors. Some require all subcontractors to have licenses while others leave it up to the individual municipalities.
Worker’s compensation insurance
If you are a general contractor and you have employees, you will need to have workers’ compensation insurance. It is important for you to be aware of your responsibilities under the law. For example, as an employer, you must provide a safe workplace for your employees. Worker’s compensation insurance will protect you from any financial hardship if an employee becomes injured on the job.
If you are a subcontractor or independent contractor, it is important to obtain workers’ compensation insurance. If you don’t have this coverage, you will be responsible for paying additional premiums to your insurance company, which will be deducted from the compensation you pay to your employees. The penalties for not having workers’ compensation can be crippling to your business.
The salary of a general contractor varies widely, but is generally higher than the average for other construction workers. Entry-level general contractors earn $32,300 a year, while mid-level general contractors can earn as much as $40,000. A highly experienced general contractor can earn more than $83,000 a year. Salary for a general contractor varies, however, from one state to the next.
As with many other careers, general contractors need to have some educational background. Ideally, they have a bachelor’s degree in construction management or civil engineering. While an associate’s degree may be sufficient, advanced degrees are also helpful. In addition, the more education a general contractor has, the more competitive they are in the job market.