What Does a General Contractor Do?
A general contractor’s fee is based on the total cost of the construction project, and is generally based on a markup of that cost. Since they are in charge from the beginning to the end of the project, their fee should reflect this. Some general contractors charge a flat fee for the entire project. This is a good option if your budget is fixed, and you’d like to minimize any surprises that may come up along the way.
A general contractor can earn up to $72,000 per year, but the actual salary can vary depending on experience and location. Some contractors earn up to $85,000 a year as a general contractor; others earn as little as $22,500. With experience, a general contractor can move up the career ladder to become a construction superintendent, operations manager, or project manager. Ultimately, however, he or she can become a project manager, thereby increasing their earnings even further.
If you’re hiring a general contractor to handle your project, you should research their experience and ask for references. Make sure to select licensed contractors. Check with your local Better Business Bureau to ensure that the contractor has no complaints. It is also a good idea to ask questions about their pricing and payment terms. Most contractors have different pricing models. A general contractor with experience will be able to offer you more competitive rates and the highest quality materials for your project.
The role of a general contractor can be complex, but it is essential that everyone is on the same page. During construction, problems can arise that require the contractor to work on more than one task. For example, he may have to buy a first-aid kit for a construction worker or reorder supplies. Problem solving is part of the job description, so a general contractor must be good at problem-solving. If you don’t, it will be difficult for you to complete the project.
Payment in construction is typically contingent, meaning that the GC must complete certain requirements before getting paid. For example, collecting hard copies of lien waivers can take weeks. Streamlining paperwork and keeping open lines of communication will help speed up the payment process. A general contractor who insists on receiving payment upfront is typically an independent contractor, and the risks involved are significant. To avoid problems, make sure to review all of the payment terms with your GC before signing any contracts.
The job description of a general contractor is wide-ranging and requires a combination of various skills. In addition to building skills, they should be able to supervise the project. Communication skills are also important; they must be able to relay the good and bad news and highlight the positives. There are many things that you can do to ensure that your contractor is up to the task at hand. This includes prequalifying potential contractors and ensuring that they have the right training and education.