If you are considering being your own contractor, you want to be aware of the risks. Some people think being their own contractor will save them a lot of money. However, most find it actually costs them more and they may end up having problems and calling out a legitimate contractor anyway. If you are thinking it may be a good idea to be your own contractor, consider the following information before you decide to go through with it.
You'll be in charge of hiring
If you take on your own contractor responsibilities then this means you are going to be in charge of hiring everyone. This may include the plumber, electrician, roofer, etc. It will be up to you to make sure there are sound contracts, proper estimates and expected time frames that work. You will need to oversee that the jobs are going according to plan. If you don't have a knack for managerial work then this task may be more than you can realistically handle.
You'll be in charge of scheduling
As the contractor, you'll be the one in charge of setting up all the timelines. If you aren't very familiar with the project, then this can be extremely difficult. You'll need to make sure each job is completed and possibly inspected so the next one can begin without any problems or hold ups. If a job falls behind schedule, you will need to speak with the person in charge and stay on top of progress, making sure it gets completed as soon as possible so everything can proceed.
You'll deal with licensing and permits
You're going to need to have all the proper licenses and permits before you proceed with the work. This requires going to the proper departments, paying the fees, filing out all the forms correctly and keeping track of inspection dates and approval dates. You may also be in charge of deliveries or pickups of certain parts and/or materials. You are definitely going to need a good calendar or solid scheduling software program to keep up with all of this.
If you are a person who's familiar with the type of job being done and you are great with managerial duties, you may do well with being your own contractor. However, hiring someone else from a company like JW's Construction Innovations to take care of the contracting will take a lot of the burden off of you and allow you to put your attention toward other areas.
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