A general contractor provides oversight and management for construction work. General contractors oversee the process of supplying crucial elements like materials, labor, and equipment. These small businesses are mostly privately owned or independent and function separately from builders and specialty companie...
The Hidden Cost of Construction Bid Shopping On any construction project, a general contractor (GC) has an overarching goal: complete the required work with a profit margin. Because very few GCs self-perform a project in its entirety,......
Provides pointers on choosing a general contractor. General contractors' involvement in the construction process; Need for a prequalifying stage in soliciting bids; Sources of potential contractors; Checking the firm's cre...
One of the most overlooked steps in becoming a construction contractor is developing a sound business plan. A contractor’sbusiness planincludes several components, ranging from the scope of work you will perform to the financial aspects of running a business. In general, a contractor business plan...
While market research tells you about general conditions for starting a business (and whether your idea “has legs,”)competitive analysishelps to determine if your new business can compete with existing companies. And make no mistake about it – there is a lot of competition. According to the...
renovation experience sometimes work as their own general contractors, hiring specific tradespeople for each job. While this may save you money, it can be time-consuming and will mean multiple contractor searches instead of just one, since you’ll have to find a specialist for each smaller job...
to renovating a home than HGTV would lead you to believe. An experienced general contractor should be able to manage all of the moving parts of a home renovation, including subcontractor work, inspection approvals, obtaining permits and other building requirements. Here’s how to choose the best...
Following major natural disasters, it may be harder to get multiple quotes from different contracting companies, but still go through the review process as much as possible to find a contractor you can trust. Ask your insurance adjuster or neighbors if they have companies...
Develop business relationships. This is generally accomplished on the job with another construction firm. These relationships with architects, subcontractors and business owners may lead to future employment when the general contractor begins to work independently. ...