The Role of a General Contractor
Often, when it comes to construction projects, hiring a general contractor is the best way to go. This type of contractor manages and oversees all aspects of a project from start to finish. He is responsible for hiring and managing subcontractors, and maintaining safety and safety codes on the site. This person will also work to ensure that the project is completed on time and within budget.
The role of a general contractor can vary depending on the size and complexity of the construction project. It is common for a GC to have several subcontractors that will complete various aspects of the project. The general contractor works with the building owner to develop the project based on the building owner’s needs and wants. The general contractor will help to ensure that the project is completed on time and to the owner’s specifications.
Typically, the general contractor will make a profit on the project through markups on materials and labor costs. This is typically a 10-30 percent profit margin. In some cases, the general contractor may charge an hourly rate for his services, and may add fees to the total project cost. Some general contractors may even charge a down payment for a project to get started.
The general contractor may work for an architecture or engineering firm, or may be self-employed. Some general contractors have specializations in certain areas, such as asbestos, which may require licensing. Others may be awarded a project based on their reputation or previous work.
The general contractor may have several employees, including foremen, laborers, and construction workers. He or she will also have a variety of specialty subcontractors that will complete certain aspects of the project. These subcontractors may include electricians, plumbers, and surveyors.
A general contractor works with several people to ensure that the construction project goes smoothly. He or she will work with the project’s architect to ensure that the project is built to the client’s specifications. The general contractor will also work with the construction worker’s union to ensure that a work schedule is maintained. The general contractor is responsible for hiring subcontractors and managing the project’s timeline.
The general contractor may also have to order supplies and equipment, arrange equipment rentals within budget parameters, and provide temporary materials on the site. He or she may also be responsible for filing building permits.
Some general contractors may also be required to obtain a surety bond. This type of bond is used to protect the contractor from unforeseen issues. When the construction project is completed, the general contractor will make a final payment to the property owner. The general contractor will usually keep any unused funds as a profit.
The general contractor has to keep track of all aspects of a construction project, including scheduling and deadlines. The general contractor is also responsible for hiring subcontractors and workers, as well as providing workers compensation and general liability insurance. The general contractor is also responsible for arranging utilities and securing the property.