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What else can I help you with?
What is the approximate percentage of preliminaries and general Items?
Generally speaking it varies depending on the size and complexity of the project and what is involved. As a general rule projects unde 1 Million with a reasonable simplicity for construction should be around the 5-6% of your total tender price.
What is lump sum project?
A lump sum project is a construction or service contract in which a single fixed price is agreed upon for the entire project, regardless of the actual costs incurred. This contract type transfers the risk of cost overruns to the contractor, who must manage expenses within the agreed budget. Lump sum agreements are often favored for their simplicity and clarity, as they provide clients with a clear understanding of total project costs upfront. However, they require careful planning and accurate estimation to avoid financial losses for the contractor.
The probability of the contractor failing to meet the requirements of the potential contract and rdquo is considered to be what type of risk?
The probability of the contractor failing to meet the requirements of a potential contract is considered a performance risk. This type of risk pertains to the likelihood that the contractor will not fulfill their obligations as specified, which could lead to project delays, increased costs, or the need for alternative solutions. Performance risks can arise from various factors, including inadequate resources, poor management, or unforeseen circumstances.
What does a performance and payment bond cost for a contract of five hundred thousand dollars?
The cost of a performance and payment bond typically ranges from 0.5% to 3% of the contract amount, depending on factors such as the contractor's creditworthiness and the project's risk. For a $500,000 contract, this would translate to a bond cost of approximately $2,500 to $15,000. It's essential to obtain quotes from multiple surety companies to get the most accurate pricing. Additionally, factors like project complexity and the contractor’s experience can influence the final premium.
How do you prepare front page of maths project?
That depends very much what the project is and whom it is for. Colelge? Middles School? In general, it should be clean, simple, and tell the reader what the project will be all about. If you can make it so it draws the reader in also, that is great!
General Contractor?
form_title=Find a General Contractor form_header=A general contractor coordinates all aspects of a building project, from foundation work to the finishing touches. Describe the Project:=_ What is the proposed timeline of the project?=_ Would you like an estimate?= () Yes () No
Is there a difference between a general contractor and a project manager?
There's no resemblance whatsoever between the general contractor and the Project Manager in job functions.
What is general attendance in construction?
general attendance - An a large project, the main contractor provides temporary works such as scaffolding, power and water supply, etc. which are also used by the subcontractors. Charges for their use are deducted from payments made by the main contractor to each subcontractor, in proportion to the value of each sub-contract.
Can a company withhold money due for a negative change order from one general contractor project to satisfy another construction project with the same general contractor?
Although the contract may prohibit withholding funds from another project, in reality, this action might be taken to put short-term pressure on the contractor.
What is a general contractor?
A general contractor is a group or individual that contracts with another organization or individual (the owner) for the construction or renovation of a building, road or other structure. A general contractor is defined as such if it is the signatory as the builder of the prime construction contract for the project A general contractor is responsible for the means and methods to be used in the construction execution of the project in accordance with the contract documents. Said contract documents usually include the contract agreement including budget, the general and special conditions and the plans and specification of the project that are prepared by a design professional.
What is tier contractor?
A General Contractor hires Sub Contractors to do different portions of the toal project. A Sub Contractor may then hire a Sub Tier Subcontractor to do a portion of their work.
What is sub-tier contractor?
A General Contractor hires Sub Contractors to do different portions of the toal project. A Sub Contractor may then hire a Sub Tier Subcontractor to do a portion of their work.
What is the average length of a job for kitchen cabinet contractors in Wichita, KS?
If you have a substantial project with several different independent contractors or subcontractors, it pays to hire a qualified general contractor to oversee your project. They are experienced at organizing and scheduling work, negotiating terms, and getting you the best value for your money. A common refrain among homeowners who have acted as their own general contractor is often, "If I´d known how much work it was, I would have hired a general contractor to do it for me." A general contractor knows where the trouble spots are and can head them off before they derail the project. Your general contractor (GC) is the key to bringing a high quality job in on time for the budgeted amount. To make sure your contractor is going to perform for you, the following points can help qualify his expertise.
What is the difference between a general engineering contractor and a general building contractor?
A general engineering contractor is a contractor whose principal contracting business is in connection with fixed works requiring specialized engineering knowledge and skill, including irrigation, drainage, water power, water supply, flood control, inland waterways, harbors, docks and wharves, shipyards, roadways, airports, bridges, etc. A general building contractor simply builds buildings.
What is the role of contractor in construction project?
the role of the contractor is quite obvious because the project can not be accomplished without a contractor.it is the only contractor who can execute the operation of the project and bring it to end.
How much do general contractors charge per hour to do work?
I don't think most general contractors work on hourly rates. A general contractor working on a cost-plus basis typically charges between 10% and 15% over the total project cost as her profit. A general contractor working on a fixed-bid will probably have a significantly higher margin to account for unexpected expenses. This year (2008), the general contractor building our home in Los Angeles, CA is on a fixed fee of 10% of the estimated project cost, plus $75 per hour for any additional work due to major change requests. That hourly rate is probably high for non-costal cities.
What domains does a general contrator usually cover as opposed to a specific contractor?
A general contractor usually is in charge of an entire construction project. You hire a general contractor to build a home or commercial structure. He's responsible for everything it takes to produce that structure. Usually he contracts for the plumbing and electrical work to be done by subcontractors. Often he subcontracts everything.
