What Does a Building Contractor Do?
Building a house is a complex process involving knowledge of architectural design, building codes, zoning regulations, and basic construction elements. A residential building contractor oversees the construction of individual homes and multi-unit housing projects. A commercial building contractor oversees the construction and remodeling of stores, shopping malls, hotels, and other commercial projects. Most building contractors own their companies and many of them worked in the construction industry before becoming contractors.
A building contractor schedules the bids of subcontractors, which are required to complete the project. The new landlord or business owner contracts with the building contractor, and the building contractor contracts with subcontractors and suppliers. Contractors typically charge 10 percent to 20 percent of the total project cost for this service. For example, if the contractor oversees the $ 2 million project, his fee for doing so maybe in the neighborhood of $ 10000 to $ 15,000.
A potential new homeowner or business owner usually agrees with two or three contractors and asks for bids from each. A large contractor may have a bid department that analyzes projects and submits bids. Small contractors do their bidding. If chosen, the building contractor handles everything from obtaining permits to a meeting or has with Home Owners Associations, ordering materials, scheduling code inspections, and overseeing construction.