District of Columbia Contract for Construction of Apartment Building with Financing by Contractor
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How to fill out Contract For Construction Of Apartment Building With Financing By Contractor?
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9 Steps to Signing a Successful Construction Contract#1: Review Your Bid.#2: Review Complete Plans.#3: Review All Specifications.#4: Visit the Job Site.#5: Review the Job Schedule.#6: Complete a Project Checklist.#7: Verify Project Funding.#8: Read Complete Contract.More items...
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.
A general contractor is the primary source of contact between the client and the other parties involved in the construction. It is in the contractor's scope of responsibility to pass on correct information from clients to the subcontractors and vendors, and update the client with the project progress on a timely basis.
A subcontractor is any person that performs construction related services for a general contractor, construction manager or another subcontractor. 22 All subcontractors hired by the general contractor must be licensed and registered as required under DC law.
Generally speaking, a general contractor is someone who manages a team of subcontractors to help do various types of construction projects in your home. A custom home builder, however, is specialized in building custom homes and is able to complete this specific type of project start to finish on their own.
Most people are aware of the term General Contractor (GC). The GC is the main contractor who is responsible for the day-to-day oversight of a construction site and hiring of the subcontractors and suppliers for a project.
To oversimplify, General Conditions is the bigger bubble of what is expected of how the project will run and General Requirements is the bubble within that lays out more detailed rules for said project.
All contractors that work in Washington DC are required to have a Washington DC General Contractor's License. This means that, even if you only work in Washington DC sometimes, you still need to get licensed.
If you are hired to repair or remodel any residential property in Washington DC, you must have a Washington DC Home Improvement Contractor License.
General contractors (GC) typically charge about 10% to 20% of your total construction project cost, also referred to as "cost plus." For larger projects, you might pay closer to 25% for their services. They typically do not charge an hourly rate.