A General Contractor (GC) is a professional who has the skills and experience necessary to oversee and manage the construction process on a project. This can include sourcing materials, hiring subcontractors, coordinating with vendors, and overseeing the overall schedule. These professionals are responsible for the overall safety of the worksite and the overall quality of the construction.
The main role of a general contractor is to guide and steer a project toward its desired end. They may help to develop a plan for the project, or they may perform certain design services in-house. Regardless, a GC must be licensed, bonded, and insured. Some states require a specific amount of education and experience in order to obtain a license.
While a general contractor isn’t directly involved in the design process, a good one has extensive knowledge of what types of building materials are available and which ones are most appropriate for the project. He or she also understands efficient systems and how to implement them in the construction environment.
In addition, a good general contractor has the expertise and resources to solve any problems that arise during the construction phase. They will ensure that all members of the construction team are on the same page, and that the project is delivered on time and within budget.
Construction is a complex task. It’s a process that involves many parties and has the potential for liability. A GC can help to eliminate these risks by keeping a close eye on all aspects of the project.
A GC will be responsible for submitting competitive bids for the project. These bids estimate the contractor’s time and labor, and the total cost of the project. Additionally, they should include billing for material, equipment, and insurance. Depending on the size of the project, a GC can charge between 10 and 20 percent of the total cost of the project.
A GC’s ability to manage a project’s budget can make or break its success. Many clients look for the cheapest proposal. However, a GC should be mindful of the cost of maintaining a positive cash flow. A GC will need to find ways to streamline paperwork and reduce the number of delays in payment.
As with any project, a GC should be aware of the risk of cost overruns. This can lead to delays in the construction phase, changes in the scope of the project, or the need for additional funds. Fortunately, a GC has the resources to minimize these costs by ensuring that the project meets its requirements and that the construction team has all the tools and permits they need.
During the construction phase, a GC will have a close relationship with subcontractors. Subcontractors need to be informed of any changes in the construction schedule, and a good GC can maintain these relationships for years. Having a strong relationship with a subcontractor can also give a GC access to the best craftsmen, and they can also provide valuable insight into efficient systems.