Prime Contractor's Information Statement - Individual - Nebraska: Fill out & sign online

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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.

What is the difference between a general contractor and a prime contractor?

A prime contractor, sometimes also called a general contractor, is responsible for the work on an entire project, so they work consistently on that project for its duration. They hire and lead other contractors, sometimes known as subcontractors, but they are not superior to these subcontractors.

Why do contractors have subcontractors?

Subcontractors help contractors complete a project Subcontractors, on the other hand, are companies or people hired by the contractor to do specific tasks or services in their area of expertise. A general contractor may hire an electrician, plumber, and carpenter for a construction project.

What are examples of contractors?

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.

What are the two types of contractors?

General Contractors vs. Subcontractors. A contractor can be a general contractor or a contractor with a specialty hired for a specific job within the construction industry.

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