What is a general contracting company?

What is a general contracting company?

Typically, the General Contractor is the individual or company that manages all aspects of the day-to-day activities at the jobsite. They are in charge of actually building the building. General Contractors have their own employees who typically fill the roles of project manager and Construction Superintendent.

What services do general contractors provide?

General contractors in the commercial construction industry provide a wide variety of services. These services include turnkey projects, new construction, interior fit-outs, site improvements and renovations. On occasion, a general contractor even takes over a project that’s already underway.

What type of business is a general contractor?

A general contractor is the party responsible for organizing all phases of a construction project. They are typically hired by the property owner. You’ll need to be knowledgeable in all stages of construction from start to finish.

How do I get started in general contracting?

Start a construction contractor business by following these 10 steps:

  1. STEP 1: Plan your business.
  2. STEP 2: Form a legal entity.
  3. STEP 3: Register for taxes.
  4. STEP 4: Open a business bank account & credit card.
  5. STEP 5: Set up business accounting.
  6. STEP 6: Obtain necessary permits and licenses.
  7. STEP 7: Get business insurance.

What type of business is best for construction?

Starting a Construction Company – An Industry Overview

  • Cement Manufacturing Plant.
  • Cement Block Manufacturing.
  • Open a Cement Retailing Business.
  • Ceramic Tile Retailing & Installation.
  • Manufacturing of Blocks and Bricks.
  • Fly Ash Bricks Manufacturing.
  • Offer Bricklayer Services.
  • Real Estate Broker.

What is the definition of a general contractor?

General Contractor Defined. A general contractor takes complete control of a construction project. A general contractor can be an individual or a company, and they are typically hired for commercial and residential projects.

Do you need a license to be a general contractor in West Virginia?

General contractors who do any work on projects worth more than $2,500 require a general contractor license to work in West Virginia. The license is issued by the West Virginia Division of Labor. There are multiple classifications of licenses, including general building and general engineering.

What are the requirements for a general contractor license?

In most cases, in order to obtain your license you will be required to: 1 Present proof of at least 4 years of experience. You can substitute 2 years of education for work experience 2 Pass law, trade, and business exams 3 Show proof of insurance

When to hire a general contractor or subcontractor?

A general contractor can be an individual or a company, and they are typically hired for commercial and residential projects. If you are undertaking a large construction or renovation project, and you can’t assume any of the tasks on your own, going with a general contractor might be the best option for your project.

What kind of license do you need as a general contractor?

A certified general contractors license, in where you can perform general contracting work throughout the state, and a registered general contractors license where you can only perform work in a particular jurisdiction.

What does a general contractor do in a construction project?

A general contractor, or GC, in a construction project is the party responsible for scheduling and overseeing the day-to-day activities of a construction project. General contractors are hired to manage the project from groundbreak to its completion, providing the materials, labor, and equipment.

Who is a subcontractor to a general contractor?

By definition, a subcontractor is someone contracted directly by the general contractor that will be involved in a portion of the project. Of important interest in this article is section 5.4 regarding the contingent assignment of subcontracts.

What can general contractors do to protect themselves?

After all, they are responsible for hiring subcontractors to complete portions of the project. They’re the ones ultimately in charge of the work. General contractors can protect themselves by ensuring each subcontractor has their own liability insurance to protect against any errors.