Question: What Makes A Good General Contractor?

How much should a general contractor make on a job?

General contractors get paid by taking a percentage of the overall cost of the completed project.

Some will charge a flat fee, but in most cases, a general contractor will charge between 10 and 20 percent of the total cost of the job.

This includes the cost of all materials, permits and subcontractors..

What does general contractor do?

A general contractor, main contractor or prime contractor is responsible for the day-to-day oversight of a construction site, management of vendors and trades, and the communication of information to all involved parties throughout the course of a building project.

How much should you give a contractor up front?

If your contractor asks for a lot of money up front, run. You should pay no more than 10% to 15% of the total cost of the project up front. Subsequent payments should only be made when certain milestones are met.

What are the qualities of a good contractor?

Above all, the contractor and, in case a company, its principals must have a mind to do good work. He should be known for fair and honest dealings and his ability to maintain cordial relations with the employers.

What are the qualifications of contractor?

Qualification of contractor The qualification of contractors are further adjudged from (a) their financial resources (b) their professional ability to understand and implement the contractual obligation (c) their ability to control labour (d) the income tax clearance certificate.

How do you avoid a bad contractor?

Five Ways to Avoid Bad Contractors: Hire only a licensed contractor….Document the issues. … Communicate in writing. … Contact the State Licensing Board. … Contact the contractor’s bonding company. … Consider Small Claims Court. … Before firing your contractor, it is wise to hire an experienced construction law attorney.

What can you do if a contractor does a bad job?

7 Ways to deal with a bad contractorFire them. … File a claim if contractor is bonded. … File a complaint with the state licensing board if contractor is licensed. … Request mediation or arbitration. … File a suit in small claims court. … Hire an attorney. … File complaints and post public reviews.

Can you become a general contractor without experience?

Becoming a Contractor Through Apprenticeships and Work Experience. Apprenticeships are one of the most common ways to prepare for the license exam. You can work with an experienced contractor for 3-5 years, learning the necessary skills and getting an idea what the job looks like in the field.

How do I know if my contractor is unhappy?

When talking with the contractor, explain why you are unhappy with his work, and get him to sign a document detailing the solutions that you have both agreed on, so that if he flakes, you have written proof. Remember to avoid writing an online review before talking with your contractor.

How do I protect myself as a general contractor?

Some other best practices to keep in mind as you finalize a written agreement:Make sure the contractor obtains a permit if the job requires one. … Ask for a copy of the contractor’s license and proof of insurance. … Pay by check and get a receipt. … Document any changes to the contract in writing.More items…

What should you not say to a contractor?

8 Things You Should Never Say to a Contractor’I’m not in a hurry’ … ‘I know a great roofer/electrician/cabinet installer!’ … ‘We had no idea this would be so expensive’ … ‘Why can’t you work during the thunderstorm/snow/heat wave?’ … ‘I’ll buy my own materials’ … ‘I can’t pay you today. … ‘I’ll pay upfront’ … ‘I’m old school.

What is a typical general contractor markup?

Typically, a minimum profit objective is 8%, an average company is 10%, but we believe a well-run, efficient construction company should make 15%.

Is a general contractor worth it?

The Bottom Line Serving as your own general contractor for a major remodeling or building project can potentially save you tens of thousands of dollars. But this savings comes with a notable cost in terms of stress, time managment, and perhaps even the quality of the work.

What is the easiest contractors license to get?

RMO License One of the most common, and often easiest ways that people without any prior experience can gain access to a contractor license is by utilizing either an “RMO” or “RME.”

How much does a contractor worker make?

What Is the Average Independent Contractor Salary by StateStateAnnual SalaryHourly WageCalifornia$50,450$24.25Vermont$50,345$24.20South Carolina$49,815$23.95Wyoming$49,757$23.9246 more rows

What can I do if my contractor is taking too long?

If your contractor is dragging his feet, follow these tips:Document Communications. It’s best for homeowners to communicate with contractors in writing so there is a record of the conversation. … Keep A Record of the Timeline. … Do Not Make Remaining Payments. … Hire A New Contractor. … Take Legal Action.

What skills do you need to be a general contractor?

4 Great Skills to Become a Successful ContractorPeople Skills. Every day, contractors must interact with clients, workers and other construction professionals, explaining projects, understanding directives and solving problems. … Problem Solving. Problems will inevitably arise on construction projects, no matter how well run. … Technology. … Project Management.

What should I ask a contractor before hiring?

15 Questions to Ask A General Contractor Before HiringAre you licensed for this type of work? … Which types of insurance do you carry? … How many building permits have you obtained in my area over the last two years? … Can you provide a list of references? … What is an expected timeline for this project? … Will you hire sub-contractors for the job?More items…•