Meaning of General Contractor
A general contractor is a person or company that is in charge of an entire construction project, whether commercial or residential.
The general contracting firm is responsible for bidding on a job, obtaining a job, providing all materials, labor, and equipment necessary to complete the job, and supervising its completion.
While general contracting tasks may include some or all of the work associated with a construction project, especially carpentry, more specialized jobs such as plumbing, electrical, and mechanical work may be outsourced.
General contractors must be trained in a variety of construction fields.
To become a general contractor, known as a prime contractor in Europe and a prime contractor by the US government, no degree is technically necessary, although many larger companies prefer a bachelor’s degree in construction science.
All US states require individuals in this position to pass a written exam on general construction laws and practices before being licensed to work.
Some states also require a contractor to establish the financial means to run a general contracting business, as well as provide recommendations from previous employers, clients, and business associates before being licensed.
A general contracting firm is responsible for providing all the materials needed to complete a construction project.
A general contractor’s job begins with finding work and submitting construction bids to be hired to manage a project.
Contractors will typically estimate the cost of materials for the project, add their projected labor cost, including payment of subcontractors, and their profit margin, before sending the estimate to the client.
Once the client accepts the offer, the contractor will most likely obtain a performance bond, especially for larger projects, ensuring that the client has financial protection in the event the project is not completed on time or on schedule. requested.
A general contractor is directly responsible for any issues that may arise during construction.
Once the paperwork is completed and the contract is signed, the general contractor will solicit bids for the specialized work needed for the project that the contractor’s company cannot or will not handle.
In some cases, particularly when working for the government, the contractor will be required to submit a list of subcontractors to the client before or immediately after the contract is signed; Subcontractors are sometimes subject to client approval.
Most general contractors are experienced carpenters.
From then on, the general contractor oversees all aspects of the project and is directly responsible for any complications that may arise during construction. Any delay or problem with the project may be out of the contractor’s pocket unless the agreement with the subcontractor(s) states otherwise.
While some general contractors handle most of the work themselves, those who hire subcontractors remain ultimately responsible for the timeliness and quality of all work.
A general contractor may be responsible for hiring subcontractors. They supervise workers on a project and are in charge of the entirety of a construction project.
The general contractor is responsible for obtaining all materials, labor, and equipment necessary to complete a construction project.