What to Look For in a General Contractor
A general contractor is the person who oversees a construction project from beginning to end. This person is responsible for the project’s schedule and quality control, coordinating with vendors to make sure that the materials are on-site when needed. They also oversee subcontractors and other labor, and keep everyone on track to meet the deadline. A general contractor is your best resource for a construction project, as they keep the project on track and on budget, no matter what obstacles are encountered.
While most general contractors charge a percentage of the total project cost, others charge a flat fee for the entire project. Each option has its advantages and disadvantages. A cost-plus-percentage-rate approach is flexible, but it’s difficult to predict the final cost, so a flat-fee bid is often better if you know exactly what you want to spend. However, keep in mind that a general contractor’s profit margin is usually between 10 and 30 percent.
A general contractor with a long track record has an advantage over a newly-minted GC. An experienced GC will have built relationships with many other professionals and is familiar with the ins and outs of the industry. In addition to his/her extensive industry knowledge, a general contractor will know what materials are affordable and which ones are the best choice for the project. These are all factors to consider before hiring a general contractor. You can ask a general contractor for references and read their reviews from previous clients.
Before hiring a general contractor, ensure that they have a license from the state. Most states require a general contractor to carry insurance, and a surety bond protects both the contractor and his or her clients against claims arising from the business. This insurance also pays legal fees and court costs. Here is a comprehensive list of licensing requirements by state. There are links to additional resources at the bottom of each article. There is a vast range of information available online, and you can find the right one for your needs.
A general contractor’s job outlook is solid, but not outstanding. Not as high-tech as, say, a wind turbine technician, a solar photovoltaic installer, a general contractor’s job outlook is solid. In addition, the overall job outlook for construction is more stable than most careers. It is projected to grow 5% in the next decade. That’s higher than the average for other occupations in the industry. And it is expected to be a little more competitive than the average.
When it comes to communication, a general contractor needs to keep everyone on the same page. The right language is essential to keeping everyone on the same page. For example, subcontractors and construction laborers need clear guidance about the stages of a project. They do not need to be told about materials or the bidding process. In fact, it is crucial that everyone in the building industry understands what is going on. This is where a general contractor can make a huge difference.