Things You Should Know About General Contractors
In the construction industry, the role of a general contractor is crucial. This role involves the day-to-day oversight of the construction site, the management of trades and vendors, and communication with all parties involved. A general contractor will make sure that all of these things run smoothly, which is important to the success of a construction project. If you are planning to hire a general contractors, here are some things you should know about them.
First, the general contractor submits a project proposal. This document outlines the project details and will require significant work from the contractor. It will require a material takeoff from the project specifications, and it will include billing for materials, equipment, and labor. It will also cover insurance and worker’s compensation. A general contractor should be able to handle these tasks without any problems. Lastly, he or she should be able to deliver a quality finished product.
When choosing a general contractor, be sure to choose the one who will be the most responsible for payment. Generally, contractors will charge 15% to 20% of the total cost of materials and labor. But, there are some who will charge you a flat fee for the entire project. While the cost-plus-percentage approach is more flexible, it can be difficult to predict the final cost. Hence, if your budget is strict, it is better to choose a flat-fee quote.
The general contractor should submit a project proposal to a client. The proposal should detail all the details of the project. The contractor should be able to demonstrate his/her expertise and experience in the field. Creating a project proposal will take a lot of effort on the part of the general contractor, as it requires detailed knowledge of the project specs and quantity takeoff. The proposal will also include a complete cost breakdown, including billing for materials, equipment, labor, and insurance.
A general contractor should write a brief of the project, which outlines the exact scope of the project. Having a clear project brief ensures that the contractor will be able to accurately assess the project and meet the needs of the client. A detailed project brief will also help the contractor answer questions. For larger projects, a general contractor should hire a construction manager. The fee of a construction manager can range from $3,200 to $54,000.
While a general contractor will have lien rights on private projects, it is unlikely to be the only contractor to file a lien. Because the general contractor has a direct relationship with the owner of the project, it is often in a better position to resolve payment issues before they escalate to the point of filing a lien. Nevertheless, an unlicensed general contractor should consider the risks associated with the project before hiring them. There are some risks in hiring an unlicensed general contractor.