What Does a General Contractor Do?
Generally, a general contractor is the lead entity in charge of a construction project. This person ensures that the project is completed on time and within budget. This person also makes sure that the project is safe and meets the requirements of the owner.
A general contractor will also oversee the work of subcontractors and other labor. These workers will be paid by the general contractor. They will also be responsible for providing quality work. The general contractor can also choose to hire specialty subcontractors for specific parts of the construction project.
Several of the responsibilities of a general contractor include the following: coordinating with the owner, architect, vendors, and other parties to ensure the project runs smoothly. They will keep the project on schedule and ensure that everyone is where they need to be at all times. This is important to the overall success of the construction project.
The general contractor will submit a proposal that outlines the details of the project. This proposal will include the cost of labor, materials, insurance, and equipment. The proposal will also detail the overall budget for the project. The general contractor will select the lowest bids for the project. This process takes a lot of effort from the contractor.
Developing a strong relationship with the subcontractor is a key factor in the success of a general contractor. These relationships can stretch across dozens of projects. The ideal general contractor has a deep understanding of the construction process and knows how to find the best craftsmen and building materials. It is also helpful to build up a list of reliable trade professionals.
A general contractor will need to make sure that he or she has sufficient insurance coverage for the subcontractors that will be working on the project. This will help to limit the risk of the subcontractor to the contractor. In addition, the insurance company can help to lower the subcontractor’s costs. This can be done by adding the subcontractor to the business’s insurance policies as an additional insured.
In addition, a general contractor can also request specific limits on the amount of insurance that the subcontractor will be covered for. This can be a valuable tool when there are delays in payment. The contractor can also use a hold harmless agreement to protect the subcontractor from legal claims.
The contractor will be able to use the general contractor pricing guide to get an accurate estimate for the project. Creating a proper estimate requires that the contractor consult the worksite to determine the type of work that will be needed. It is also recommended to update the pricing guide regularly to see if trends in the industry have changed. This will ensure that the estimate is accurate and will help to prevent issues that may arise during the construction process.
It is also important to create an estimate before beginning a project. A good estimate can show that the customer is trustworthy and that he or she is willing to pay a fair price for the work.