![]() Take the process one step at a time, beginning with the seven steps listed below. You may choose to specialize in this area if you have many government or military contacts.Īlthough there is a lot to know about general contracting, don’t feel intimidated if you have dreams of owning a contracting business. Government contracting: Government entities regularly engage with private contractors for a variety of construction-related projects.This is not necessarily true in large contracting companies in which the contractor is more of a site manager. Independent, small-sized contracting: These small businesses are one- or two-person operations involving contractors who actually engage in the physical work themselves.This type of business can offer expertise in a broad range of fields like HVAC, framing, plumbing, and electrical. Midsize contracting: Midsize contracting is a popular option for residential builds and smaller projects.The business structure is expansive and includes many subcontractors, employees, and resources. Corporate contracting: This business is best suited to handling large scale, corporate construction projects than small.Types of General Contractor Businessesĭepending on who you ask, you may receive different definitions of what a general contracting business is.įor the purpose of this guide, there are four types of general contracting: This may include electrical, plumbing, or flooring contractors. These small businesses are mostly privately owned or independent and function separately from builders and specialty companies.ĭepending on the needs of the job, general contractors may facilitate the hiring of specialty contractors. General contractors oversee the process of supplying crucial elements like materials, labor, and equipment. We’ll start from the ground up to equip you with basic tools for success.ħ Steps to Starting a General Contracting CompanyĪccounting Considerations for Contracting Businessesīusinesses Related to General Contracting What Does a General Contractor Do?Ī general contractor provides oversight and management for construction work. In this guide, you’ll learn the basic principles of starting a general contracting business. Time, research, and dedication will help as you move from being a basic contractor to expert entrepreneur. ![]() To get started, you should have a foundational understanding of the construction industry and a knack for general business practices. If this is an area of interest, you may wish to learn more about how to start a successful general contractor business. The ability to oversee and focus on a complete construction project is a special skill known as general contracting. The construction industry is made up of many layers, roles, and opportunities.
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