Licensed contractors are construction mangers who oversee
building structures. The job description includes supervising office complex,
residential homes, bridges, hospitals and roads.
General contractors are in charge of budgeting and
planning such as staff wages, material costs and supervision. They work closely
with architects, structural engineers, material contractors and labor.
Construction managers earn between $90,000 to $150,000
depending on availability of projects, size and scope. You need a university
degree, onsite experience and good communication skill.
A general contractor needs moderate accounting knowledge,
good motivational skills, computer skills and ability to interpret designs.
There are a few things to do before becoming a licensed general contractor.
A general contractor needs to have a business plan,
experience and education. Other requirements are sourcing funds, supply chain,
labor costs and knowledge of accounting.
Write
a Business Plan
A well crafted business plan is a valuable tool general contractors
use to guide any construction project. It also affords easier access to bank
loans and supplies.
Legal
Requirement
Legal requirements include tax identification number and
licenses. Before starting a project there are many permits and licenses to
acquire. You need a building permit, waste disposal plan and land use permit.
Network
with Industry Practitioners
It is important to network with industry practitioners.
You need professional builders, architects, building material suppliers and
state contacts. It takes several years to build a team of competent partners.
Know
the Trade
The only way to achieve success as a licensed general
contractor is to understand the trade. You need to get educated and learn as
much as possible for easier implementation.
Get Insured
To prevent undue litigation get liability insurance.
Register your company as a limited liability entity.
There are lots of things that could go wrong on a
building site. Therefore provide adequate safety protocols to prevent
accidents.
Finance
Apply for bank loans and present your business plan. Banks
look out for experience, academic qualification and competence. Add successful
projects to your bid while highlighting work achievement.
Get Educated
It is very important to acquire a university degree before
venturing into the business. A university degree would provide the background
knowledge you need to succeed.
Courses you could study include construction technology,
architecture, civil engineering and construction management. You gain in-depth
knowledge on building techniques, best materials, blueprint interpretation and
building equipment.
Other knowledge includes accounting, structural planning,
project estimation and management. Obtaining a bachelors degree provides lots
of work opportunities based on expertise and knowledge.
Get Certified
In some countries without proper certification you are
not recognized. There are specific organizations that offer courses and
examinations for construction manager.
There are many advantages to becoming a certified
construction manager such as insider information, knowledge of changing trends
and new construction techniques.
Real estate developers will only hire a certified
construction manager.
Acquire
Management Experience
A general contractor’s biggest challenge is managing
construction materials, funds and workers. Gain experience as an apprentice,
attend seminar or workshops.
You could read lots of management books, follow a mentor,
get private tutelage or use online resources. Get an associate degree in
construction management to increase your job prospects.
Get Clients
General
contractors regularly bid or lobby for jobs. The business is highly competitive
and challenging.
Use your network to find construction jobs in your
neighborhood. Job experience is of
paramount importance if you want to secure a juicy contract.
Build
a Reputation
A reputable company will steadily get good jobs. The more
contracts you conclude the bigger your portfolio. Build a reputation for
efficiency, quality delivery and offer competitive pricing.
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