Tips for Hiring the Right General Contractor

Do they have a Bond and Insurance?

Home renovation is a large investment regarding finances. It is the role of a general contractor to make purchases of all materials needed, hiring labor, supervising, getting work done on the estimated rates and finally getting the sub-contractors. However, this day we have so many general contractors offering this services. This implies that you have to be keen on some aspects to get the best general contractor for your work. Have your contractor purchase a license bond from to ensure your project is protected.  To ensure that your work is completed based on the right time and budget, you should consider the following simple but crucial points:


The right experience is the key to a great general contractor. You cannot hire somebody with no prior experience in both residential and commercial construction then expect to get good results. An experienced contractor works with detailed plans, residential grade materials, and fire safety items. Experience in both commercial and home renovation is very important to avoid money and time wastage. You also don’t need somebody who delivers shoddy work, thus look for an experienced contractor.

Ask for references

We have many contractors this day who go siphoning peoples money. All they delivery are uncompleted projects by using substandard materials to the extent of creating risky
situations. How will you manage to avoid such unnecessary scenarios? Very simple: References should be the basic requirement before you hire them. By this, you will be able to get honest reviews of what types of contractors they are!

A good contractor will be bonded and freely offer you with a list of contented clients, a symbol of consistency. Never listen to any mere excuses for not providing their references but always demand it. The biggest reason for those excuses might be unsatisfied former clients or even worse.

Reliability is the key

Every human being embraces reliability when it comes to delivery of services. Reliable and amiable
contractors are the keys to any successful remodeling project. Keep your communication open with the contractor to explain your demands. This is because we have both small and big firms offering services when it comes to renovations. Always choose a general contractor according to your stipulations.

Check Subcontractors

Remember that all the projects of your renovation cannot be handled by a single person. A contractor must get the assistance of other subcontractors to handle particular tasks
such as carpenters, glaziers, roofers, and electricians. Even though most of the general contractors have a specific team of subcontractors, chances are they may hire those they have never worked with before. However, this should not scare you but consider knowing the duration the construction firm has been working with its subcontractors.

Does Your Construction Business Need a Performance Bond?

Does Your Construction Business Need a Performance Bond?

Far too often we hear stories of shady construction companies doing a poor or incomplete job, blew the budget and missed the deadline.  Rarely do we hear about the companies doing good work that is completed on time and on budget.  The next time you ask yourself “does your construction company need a performance bond” reflect on the horror stories you have heard and understand this is a way to avoid them.

What are performance bonds?

Performance bonds involve the construction company, the client and the surety or insurance company.  What they do is make sure that the construction company sticks to their end of the agreement and completes the job they have been hired for.  If you hire a construction company to build you an office building or a shopping mall this guarantees that the money that you pay him is used to work on the project and not to fund his trip out of the country.

How do they work exactly?

If we use the office building example and your agreed upon contract states that the builder will build you an office building for 1million dollars.  At this point the contract would contact the surety or insurance agency and take out a performance bond.  Then the insurance company would look at three different factors including:

  • Type of bond (performance bond in this case)
  • The amount of the bond (1 million in this case)
  • Contractor’s Risk (previous contracts and whether they were completed)

At the end of the day the contractor will meet the criteria of a performance bond or they won’t.  If you’re contractor does your project without a hitch, then that’s great.  But, if they take too long or cost you more than the contract states the performance bond can help.

How much will your performance bond cost?

The cost is going to depend almost exclusively on the contractor’s risk.  If you work with a well-known contractor who has a great reputation and has previous dealings with an insurance company then the cost of the performance bond will be much lower.  The contractor will be looking at a cost of 1% or less of the total bond amount, a new contractor may be looking at up to 5% of the total bond amount.

Does your construction business need a performance bond?

This largely depends on the type of work that you want to do.  For small residential projects you probably won’t need a performance bond.  However if you want to do any type of large residential projects or virtually any type of commercial construction then a performance bond is a must.  Bear in mind it is always better to be safe than sorry.