People who make bids for undertaking constructional projects, and hire other contractors for the execution of their contract when winning the bid, are known as building contractors. At times, a building contractor may participate in the actual process of construction. The primary job of a building contractor is to obtain contracts for the construction of commercial or residential buildings, and then hire other contractors, specializing in different fields of construction, for the completion of the project under their control. Often, they get started in this profession by executing small contracts on their own, and subsequently undertaking the execution of larger projects with the help of subcontractors.
To qualify as a building contractor, you have to appear for a test for getting a license. For getting a license in certain fields, one may need to study for taking the exam. You get books for the purpose, and you need to pay an examination fee. Moreover, there are restrictions on the number of attempts that a candidate may make for passing the exam.
Having passed the formal exam, the prospective contractor can start making bids to get contracts. There are a number of contractors making bids for the same project. So, the client is free to choose one who is suitably qualified for the particular job, and makes a very competitive price bid. Many clients would prefer only those contractors who have adequate insurance for their work, as well as for their workers, to ensure that any worker getting injured during the execution of the project gets compensated according to the law. Supervising the execution of the project is the primary responsibility of the principal contractor whose bid the client accepts.
There are contractors specializing in certain areas of construction. For instance, some specialize in roofing or flooring, while other may specialize in wiring and plumbing. The principal contractor generally hires a number of different contractors, as per their field of specialization. These contractors are known as subcontractors, and their work is supervised by the principal contractor, and not the client.
It needs a lot of effort and acumen to be a successful building contractor. Often, he has to supervise and coordinate the work of many people at the same time. In case any subcontractor or a worker does any job incorrectly, the client will hold the principal contractor responsible and liable for making the corrections. This can be very challenging, though manageable once the principal contractor builds up a relationship with dependable subcontractors having a good track record of working.
Though the amount quoted needs consideration, it should not be the only criterion when selecting any building contractor. Apart from offering to undertake the project at the lowest price, the contractor should offer to use quality materials, and complete the project in the minimum possible time. Before finalizing the choice on your building contractor, you should check his experience, background, and get various guarantees in black and white.