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2 days ago · They are commonly known as specialty contractors or trade contractors. Here’s an example of the organizational structure between contractors on a construction project: Owner: The owner hires the GC to oversee and manage the project. General contractor: The GC hires specialty contractors as subcontractors to complete specific tasks on the ...
2 days ago · Last Updated Apr 5, 2024. There are five common types of construction contracts: lump sum (or fixed price), time and materials (T&M), unit price, guaranteed maximum price (GMP), and cost-plus. Each of these contract types is suitable for some projects and not others, and each has both advantages and disadvantages for the various stakeholders ...
2 days ago · In D.C., "general contracting" includes heavy construction, land development, and the construction of new buildings. Contractors falling under this category require a Basic Business License for General Contractor/Construction Manager License. This designation also includes repair, remodeling, improvements, or demolition of buildings or structures.
1 day ago · What to look for in your general contractor CRM. The most important features in your general contractor CRM system will depend on a few factors. These include your company size, the types of projects you take, who your customers are, your sales team structure, and what other tools you’re using.
3 days ago · Given that construction is frequently project-based, the HR manager's tasks and responsibilities include working with project owner, project managers, subcontractors, and others to define and document each project's roles and responsibilities as well as to detail the end-to-end processes necessary on a project to assess labor demands.
2 days ago · Construction cost codes belong to a fixed set of codes used for cataloging, tracking, reporting, and managing all costs associated with a project. Project managers use these codes for full budgeting visibility throughout each project. Some features that can be tracked, managed, and reported on using codes include: Material costs.
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2 days ago · Here’s a look at the minimum requirements typically needed to become a general contractor anywhere in the country: A high school diploma or GED. The ability to work legally in the United States. A clean record. Two to four years at the journeyman level within the past 10 years.
