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Subcontractors are self-employed individuals or companies that work on a part of a contract between a primary contractor and a client. There are a variety of required things to run a subcontracting company, but the main requirements concern a subcontractor's eligibility to do the work.
Usually, anything that subcontractors would be liable for, general contractors may also be liable for (with the caveat that if the contractor has to pay for damages, the subcontractor who is legally responsible will often reimburse the general contractor).
Most general contractors are looking at about a 35% margin and so they need to a mark-up of 54%, or 1.54. Subs can often get a profit margin of 50%, so they need a mark-up of 100% or 2x, as the table on the right makes clear.
A subcontractor is a company or person providing labor or services that does not have a direct contract with the owner. They're often simply called subs in construction. On a residential construction project, common subcontractors are carpenters, plumbers, or electricians.
Hiring subcontractors allows your business more flexibility than if you were to hire new, permanent employees. Rather than bringing them on for long term work, you hire the contractors to work on a few short term projects and then part ways. Be forewarned, sometimes they turn into a lifetime business relationship.
Ensure you have the right trade qualification. Decide on and setup your business structure. Obtain any applicable licenses. Setup your business insurance.
To find subcontractors, GCs and PMs usually go to sites like BuildingConnected, AGC, BIA, and other trade organizations. Once there, a GC will put out a Request for Proposal (RFP). RFPs list out important project details, like the skills needed, objectives, and the project timeline.
When clients hire you to work on a specific project or on a freelance basis, you are usually considered a contractor. You provide the labor, services, and sometimes whatever equipment is needed to get the project done.Subcontractors are companies or individual people that you hire to help you complete a project.
Look for government subcontracting opportunities Websites like FedBizOpps.gov allow you to search for recent contracting awards of over $25,000. You can check award notices for the prime contractor's DUNS number and then get in touch directly to ask if they have any subcontracting options.
