A general contractor is an important part of any construction project. They oversee the big-picture facets of a building project, including hiring subcontractors, sourcing materials and ensuring that all the work is done in a timely manner according to codes and regulations.
GCs are also responsible for coordinating with any other key players in the project, such as architects or engineers. They also ensure that the project is getting the proper permits and that everything is being done in a way that’s safe for everyone involved.
They are also in charge of managing the overall budget and schedule. A reputable general contractor will be able to save you a lot of money by getting discounts on some of the most expensive materials used for the construction.
You can find a great general contractor by asking your friends and family for recommendations, visiting job sites and talking to their previous clients. Ask them how easy it was to work with the GC, how they dealt with delays and how they were satisfied with the final result.
Make sure the GC you hire is fully licensed and has a strong track record of quality construction. Ideally, he or she has a revolving door of reputable subcontractors who they can rely on to complete a project on time and on budget.
In addition, a reputable GC will be willing to negotiate and take advantage of special deals with their suppliers. They can typically get discounted rates on some materials, which they will pass along to their clients.
A GC will also need to know how to create a competitive bid for each project. Having this knowledge can help the GC win more jobs and increase their bottom line.
Depending on the size of the company, the owner of a general contracting business may consider forming a limited liability company or a corporation to minimize their personal risk. These entity types offer legal, financial, and tax benefits, as well as the opportunity to protect their assets from the liabilities of the business.
To start a business as a general contractor, you will need to obtain a license in the state you plan to operate in. The licensing process can take anywhere from three years to a few years and requires you to show proof of your education and experience.
It’s also wise to consult with an accountant or attorney to determine the best structure for your business. Some of the factors to consider include whether your company will have employees, what type of business insurance you need, and how much capital you will need.
You can also check with your local Better Business Bureau to see if there are any complaints against the contractor you are considering. These reviews can give you a good idea of how the company treats their employees and customers.
You should choose a general contractor who you feel comfortable with and who is willing to work hard for your satisfaction. You should also be able to trust them and communicate openly with them throughout the construction phase.