Is it hard to become a general contractor?

Is it hard to become a general contractor?

They are the lead entity in charge of actually building the building. … To become a general contractor, you need at least a high school diploma, but there is an increase in a need for a bachelor's degree or at least an associate degree, plus years of construction industry experience.

How much should a general contractor make on a job?

General contractors get paid by taking a percentage of the overall cost of the completed project. Some will charge a flat fee, but in most cases, a general contractor will charge between 10 and 20 percent of the total cost of the job. This includes the cost of all materials, permits and subcontractors.

What skills do you need to be a general contractor?

But the amount of money you can save by acting as your own general contractor can be nothing short of staggering. Figuring a typical 20-percent contractor's commission for a major room addition costing $200,000, you can save $40,000 by acting as your own contractor.

What states do not require a general contractor’s license?

Florida, Louisiana, Colorado, Connecticut, Kansas, Indiana, Kansas, Missouri, New Hampshire, New York, Ohio, Pennsylvania and Wyoming don't require a specific state license for contractors.

What does it take to get a general contractor’s license?

To receive a general contractor license, you must pass the trade exam, as well as the business management exam. You must show proof of four years of experience and show proof of a bond.

How do general contractors work?

A general contractor is responsible for providing all of the material, labor, equipment (such as engineering vehicles and tools) and services necessary for the construction of the project. A general contractor often hires specialized subcontractors to perform all or portions of the construction work.

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