A general contractor is a professional responsible for overseeing the construction of buildings or other improvements for owners or developers, often coordinating the work of various subcontractors.
A Prime Contractor, also known as a General Contractor, is primarily responsible for the overall coordination of a construction project. This role includes hiring and managing subcontractors, securing necessary permits, ensuring compliance with building codes, and overseeing the project to completion.
In a construction contract, retainage is money earned by a contractor but not paid until the completion of the construction or another agreed-upon date.
A subcontractor is a third-party entity or individual hired by a general contractor to perform specific tasks as part of a larger project. Subcontractors typically specialize in particular areas such as plumbing, electrical work, or carpentry.
