It is crucial that general contractors select subcontractors that provide high-quality work. After all, the contractor is responsible for all of the work done on any specific project. Clients expect the job to be done on schedule and within budget. This requires hiring only the most trusted subcontractors to avoid negatively impacting productivity. Remember that your reputation could very well be on the line.
It can be a real challenge to obtain competitive bids from top subcontractors. You want to select the ones with the best skills at the right price, Hopefully, the people you choose are reliable and do excellent work. If subcontractors miss deadlines or perform poorly, the client may decide to take the matter to court, and insurance for contractors in Clifton, New Jersey becomes a necessary component in dealings of this nature.
Managing the bidding process
When bidding on a job, it can sometimes be like comparing apples and oranges. General contractors and subcontractors use varying methods to quantify jobs, and this can make it challenging to properly evaluate bids. One misstep and you could wind up losing the bid, or worse, win the job with too low a bid, which can be a very expensive mistake.
Managing subcontractor documentation
Throughout a project, an important responsibility of the general contractor is ensuring all subcontractors have the proper insurance coverage and safety measures in place. General contractors must ensure subcontractors have liability, workers’ compensation and correct bonding in force, and be able to present the documents when and if the owner requests to see them.
General contractors need to oversee the work being performed, be provided with regular updates on how the job is progressing and receive critical information whenever an issue or problem needs to be addressed. If the general contractor isn’t aware that a problem exists, he or she risks the possibility that a resolution will not occur in a timely matter, which could result in costly delays.
Responsibilities may include applying for building permits, constantly advising the person they are hired by, securing the property, providing temporary utilities on site, managing personnel on site, providing site surveying and engineering, disposing or recycling of construction waste, monitoring schedules, and cash flows, and maintaining accurate records. The number one concern should always be safety, particularly for anyone working or visiting the site. All of these responsibilities further illustrate the need for insurance for contractors in Clifton New Jersey.