jcp907
Well-known member
What do you think? Hire a GC or go directly to the subs?
Some contractors will try to get you to agree to a "time & materials" deal. I won't go for that trick, as it leaves YOU liable for cost overruns. Do you often hear of construction projects coming in for less time or money than anticipated?No, you do not. That is uncommon.
Hiring a general contractor essentially relieves you of financial liability as well. The G/C vets & gets quotes from the subs. He/She assembles all these quotes into a bid package, along with their overhead, additional expenses & profit. That contract dollar amount is what you will pay for the job. If the contractor underestimates, he is still bound to produce your project at the agreed to (contract) price. Material or labor costs increase, the G/C pays. Conversely, if he can get it done for a bit less, the G/C wins.
We also recommend the use of a builders fund control. An independent inspector comes by and verifies the billed for work is done according to plan before they authorize payment. All subs are required to guarantee they have fully paid for all materials, etc and are responsible for any costs they have incurred. The upside to that is the fund control company essentially does all the bookkeeping on your project, to the penny, and produces a nice spreadsheet report every week.
Some contractors will try to get you to agree to a "time & materials" deal. I won't go for that trick, as it leaves YOU liable for cost overruns. Do you often hear of construction projects coming in for less time or money than anticipated?No, you do not. That is uncommon.
The other advantage of hiring a G/C is again, the real life aspect of dealing with someone who does this every day, knows the tricks of dealing with governmental agencies, can plan a good proposed timeline (and stick to it!) has long standing relationships with the myriad of subcontractors, and can accurately estimate materials, etc.
I am an expert at what I do. I hire experts in their fields to do what they do best. That's usually the straightest path to a job well done.![]()
If the sub contractors do not get paid they can put a lien on the house and the home owner will have to pay that, at least in New Hampshire. The GC can scamper away with the money and the home owner is on the hook.
Where does a GC learn his trade? IOW where would I go to learn to be a GC?
What do you think? Hire a GC or go directly to the subs?
