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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.

Who is a contractor?

Contractors are professionals who provide skills or services to companies for a set period. They may be contracted for a set number of hours, a certain time frame, or the duration of a project. Contractors can be self-employed, and work independently as sole traders, or they can run their own limited company.

What does a contractor do?

Contractors are responsible for supplying the necessary equipment, material, labor, and services to complete your project. They hire specialized subcontractors to perform either a portion or all of the work. Contractors use Subcontractor Agreements to protect themselves and the subcontractors they hire.

What is an example of a contractor?

An auto mechanic who has a station license, a resale license, buys the parts necessary for the repairs, sets his or her own prices, collects from the customer, sets his or her own hours and days of work, and owns or rents the shop from a third party is an example of an independent contractor.