The Roles of a General Contractor
A general contractor, also known as the prime contractor, is responsible for the day-to-day oversight of the construction site. They are the ones who will be responsible for managing the trades and vendors on the project, as well as communicating information with other parties. Here are a few important roles that a general contracting company can play in your construction project. 1. Identify your needs and budget. 2. Define your role. You should know who will oversee your construction site.
GCs usually outline a payment schedule based on the estimated duration of work. In addition to the initial down payment, GCs may request a few payments, depending on the scope of the project. In most cases, a GC will ask for a down payment before starting work, and the rest will be due when the work is completed. GCs who request upfront payments are usually independent contractors. This practice is risky, and you should only use it if you are comfortable with the risks.
Payment plans for GCs vary depending on the project. In most cases, they will request a down payment to start the work, with the balance owed upon completion of the project. In case of large projects, this may involve multiple payments, and the final payment is due when the work is complete. You should be wary of any GC who asks for money up front. This type of contractor will usually only work on smaller jobs, so you should be prepared to take significant risks.
Licensed and bonded contractors are important to have on the job. Lien rights are important, but contractors are not employees. In addition to being a legal entity, they have their own set of rules and regulations. It’s not uncommon for a general contractor to issue a lien to the property owner. However, this is rarely necessary because he or she will have a direct relationship with the owner of the project. Moreover, it’s important to understand that a subcontractor’s work is more narrowly focused.
If you’re hiring a GC, it’s important to do your research and get references. A general contractor should be licensed in your area, as the state will regulate them. A license is also required if a general contractor uses subcontractors. Generally, contractors must run their businesses independently to avoid liability. They should have all necessary insurance. If they have any problems, contact the local Better Business Bureau. If you have questions, call the Better Business Bureau.
Most GCs outline a payment plan based on the schedule and scope of the project. The first payment will be a down payment to get the work started. Then, the balance will be due when the entire project is complete. Some GCs will ask for payments in advance. If you are paying an independent contractor, make sure you have the appropriate liability insurance coverage. It is better to pay for an additional payment if you are unsure of the amount of money.