Subcontractor Packages

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Commonly Asked Questions about Subcontractor Packages

What is included in a bid package?

Definition. A set of documents that contain the scope of work, specifications, drawings, and general conditions for a project or job. Prospective contractors should be able to review the bid package and develop their cost estimates and schedules for the work.

What is a major subcontractor?

Major Subcontractors means subcontractors which have entered into subcontracts with the General Contractor in connection with construction of the Facility.

How are subcontractors usually paid?

Subcontractors receive payment once a portion of work is completed, even if there is more scheduled work. These milestones are usually outlined before work begins. Completion payments. Subcontractors receive payment only after all subcontracted work is finished.

What is the difference between a subcontractor and a nominated subcontractor?

A domestic subcontractor is one that is selected, procured, and awarded packages of work solely at the discretion of the contractor. Nominated subcontractors are pre-selected by the client and then imposed on the contractor once in contract.

What classifies someone as a subcontractor?

A subcontractor is a worker who is not your employee. You give a Form 1099 to a subcontractor showing the amounts you paid him. The subcontractor is responsible for keeping his or her own records and paying his or her own income and self-employment taxes.

What is included in a subcontracting plan?

Individual subcontracting plan means a subcontracting plan that covers the entire contract period (including option periods), applies to a specific contract, and has goals that are based on the offerors planned subcontracting in support of the specific contract, except that indirect costs incurred for common or joint

What are the three types of subcontractors?

There are 3 kinds of subcontractors in the construction industry Nominated subcontractors. Domestic subcontractors. Named subcontractors.

What is an example of a subcontractor?

Subcontractor example For example, a building contractor may hire a subcontractor to complete the electrical wiring part of the contractors building job. The contractor is responsible to the client for the building job including the part performed by the subcontractor.

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Subcontractor Packages

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