When you’re building a new home or renovating your existing one, you might have to work with several professionals and tradesmen. That is why it is essential to hire a general contractor. The general contractor will be responsible for hiring and overseeing all the other contractors working on the project.
Furthermore, general contractors can also help you if you’re planning a large addition or an extensive remodel of your existing house. Perhaps you have some DIY experience; however, it is still a good idea to work with a general contractor to ensure that your project stays on track. At the same time, you can avoid some headaches and stress.
This guideline covers everything you need to know about collaborating with a general contractor, such as when to hire one, how to find a reliable contractor, and what to expect from them.
What Does a General Contractor Do?
A GC, or general contractor, is the person who oversees and handles all operations to ensure the successful completion of new construction or renovation. They serve as the spokesperson between the homeowner and the other tradesmen and contractors involved in the project, managing the site on a day-to-day basis and ensuring that the project is progressing smoothly.
Compared to specialized contractors, like electricians, painters, and plumbers, general contractors don’t have expertise in a specific trade. Although they might have started their careers in a particular field, such as carpentry, the job of a general contractor is to supervise all the components of the construction, such as laying the foundation, framing, wiring, roofing, etc., to guarantee that everything runs smoothly.
Basically, general contractors are involved in almost all stages of the project, from bidding to planning and building. They often also handle post-construction stages of the project, such as scheduling inspections or filing for necessary permits.
What are the Different Types of General Contractors?
General contractors are typically responsible for executing a home plan created by an engineer, architect, or interior designer. Some general contractors specialize in renovating specific areas of the house, such as the kitchen or bathroom, but they do not usually take part in the design process.
However, there is another option that allows general contractors to engage in the creative aspect of the project, known as design-build construction. This approach encourages design professionals and contractors to collaborate from the early stages of the project, ensuring transparency and successful results.
What are the Responsibilities of a General Contractor?
General contractors are responsible for overseeing the work on a construction site, ensuring that everything is done properly and safely. Their role is quite broad and can include several components, such as:
- Drafting the budget and timeline for the construction project.
- Hiring laborers and subcontractors and assigning work to them.
- Filing for the necessary building permits.
- Communicating with the engineer, architect, and homeowner.
- Handling the ordering, purchasing, and delivery of materials and supplies.
- Ensuring the project stays on schedule, within budget, and meets the homeowner’s expectations.
- Maintaining safety on the construction site.
- Making payments to subcontractors.
- Scheduling post-work inspections.
These responsibilities highlight the importance of having a competent general contractor to ensure the success of any construction or renovation project.
When Should You Hire a General Contractor?
How Much Should You Pay For a General Contractor?
When hiring a general contractor for long-term projects, you’ll typically pay them a percentage of the project’s total cost rather than an hourly rate. General contractors usually charge between 10% and 20% of the total project cost, and for larger projects, it can go up to 25%. For example, if the cost of building a house is $280,000, the general contractor will likely receive between $28,000 and $56,000.
However, you are not required to pay this entire amount upfront. Payments are made to the contractor at different stages of the project. Both the contractor and homeowner should agree on a payment structure, and this agreement must be put in writing. Most contractors have a standard payment schedule they use for various clients, which can be a helpful starting point for determining what works best for your project.
Typically, the payment plan begins with a down payment to cover permits, materials, and other upfront costs. Subsequent payments are made in installments based on milestones reached throughout the project. For example, you might pay 10% of the total cost as a down payment, then 20% at each completed milestone. Once the project is fully completed, the final payment could be 30% of the total amount.
How to Choose a General Contractor
Since the contractor will be working with you on your personal project, such as your home, you should do some research before making any decisions. Most likely, the most reputable contractors are in-demand, hence, you should start doing your research right after obtaining the title to the land and design for your project.
Start by asking for some recommendations from your friends, relatives, and co-workers. If you know someone, then ask them if they are open to new jobs. Or do some online research.
M-1 Framing Subs Inc. is a reputable general contractor that you can trust with your project. To make an appointment, just call us at 562.362.6074 or email us at m1framingsubsinc@gmail.com.
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