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What is meant by prime contractor?

Prime contracting Prime contractors work directly with the government. They manage any subcontractors and are responsible for ensuring that the work is completed as defined in the contract.

What are the 3 types of contractors?

The 3 Types of Contractors General Contractors. The term general contractor is used in two ways, in my experience. Turn-Key (Specialty) Services. If you dont like the idea of paying someone to manage your schedules and hire sub-contractors, you can do this work yourself. Freelance Workers.

What is the difference between a contractor and subcontractor?

Typically, a contractor works under a contractual agreement to provide services, labor or materials to complete a project. Subcontractors are businesses or individuals that carry out work for a contractor as part of the larger contracted project.

Do prime contractors have contracts with an owner?

The Prime Contract There is usually a chief or primary contractor hired for a contract between the owner and the project. This person normally has the full responsibility to complete the job and ensure there are few or no problems without resolution.

What does Prime mean in construction?

Prime Contract: Gives the general (prime) contractor the full contract for a project. The general contractor is then allowed to enter into agreements with subcontractors to assist in the completion of the project.

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