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What are the two basic types of multiple prime contracting methods?

It is important to note that most multiple prime contracting projects are vertical or temporary structure type projects for highway projects.

How do I start a construction company in Nebraska?

How to Start a Business in Nebraska Choose a Business Idea. Take some time to explore and research ideas for your business. Decide on a Legal Structure. Choose a Name. Create Your Business Entity. Apply for Licenses and Permits. Pick a Business Location and Check Zoning. File and Report Taxes. Obtain Insurance.

Do contractors charge sales tax in Nebraska?

Contractors making over-the-counter sales must collect and remit Nebraska and applicable local sales tax on the total sales price, including all amounts charged to build or assemble the item sold.

What is a prime contract agreement?

A Prime Contract is a legal agreement between contracted parties. In a single, two-party contract, the party financing the construction project is called the client, owner, or principal. The party being paid to ensure completion of work is called the general, primary, or main contractor.

What is the meaning of prime contractor?

The prime contractor is responsible for the completion of a project under contract with the owner. The prime contractor must complete the project and can hire multiple subcontractors to do so. The prime contractor is responsible for compliance with all Occupational Health and Safety Regulations.

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