Doing The Right Way
A general contractor oversees construction projects and is responsible for keeping the project on schedule, as well as meeting deadlines. They also manage the construction crew and communicate with other stakeholders, including the client. These professionals often have experience in building construction, so they should be able to communicate well with clients and workers. A general contractor will also assess the needs of the project and coordinate the work of subcontractors and employees responsible for specific aspects of the project. A good general contractor can also organize equipment rental within a budget.
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General contractors charge for their services based on cost plus a percentage of materials and labor. However, some of them charge flat rates for the project, which makes it easier to estimate the overall cost. A flat-fee bid is more cost-effective if your budget is fixed and you’re looking for a specific amount of work.
General contractors should carry general liability insurance. It is mandatory in many states for contractors to carry this insurance, and some clients may require it as a condition of a contract. General contractor insurance covers you against any claims that your business incurs, and pays for any legal fees you may incur. In addition, many government contracts and specific jobs require a surety bond.
To become a licensed HVAC technician, you must complete on-the-job training, take a certification course, and pass an exam. If you are not licensed, you can be fined $1,000 to $3,500 and even jailed for one year. Additionally, many locations require that HVAC technicians carry surety bonds and have certain insurance levels.
This post topic: Financial