A licensed general contractor makes about 27 dollars an hour. If they have been in this position a long time, they may make 30 to 35 dollars an hour.
Being licensed basically states that the contractor has the knowledge expected to perform the services indicated on the license.Being insured means that while he's doing the job you hired him to do, if he backs his truck into the wall of your garage or sets fire to your home, he has insurance that can pay for damages or to have it fixed.
There are 2 ways to become licensed to do home remodeling in Florida. 1) Study & take the test to become a General Contractor. 2) Put an ad in the newspaper or on Craigslist for a qualifier for your company. To get bonded, you need to call an insurance company or Google it.
You must be licensed as a general contractor, although no formal education is required. Experience is key. Most general contractors have worked in the business for many years, having started at the ground floor and worked through the various areas of the profession. There is a licensing exam that is relevant to experience. Read more: http://www.handyamerican.com/articles.asp?id=161-How-To-Become-A-General-Contractor
Any contractor who is a licensed contractor with the right type of license should be able to handle this for you. A general contractor would be my first choice, but a specialty contractor that has a limit high enough to accommodate the job's pricing would also be a great choice.
If he can't he shouldn't be a general contractor
The contractors General Liability Insurance would cover accidents and quality of workmanship issues that result from the activity of the Contractor.
Ten percent is an average amount that you can pay a general contractor. You shouldn't pay more than this as many people are willing to work for this percentage or less.
Contact a licensed commercial insurance agent in your area. It will be able to assist you if it do not sell the particular coverage you need by referring you to another broker. Do a search for general liability insurance for your state and hundreds of agents will show up. Make sure you use a contractor insurance specialist however.
First of all, make sure your contractor is licensed, bonded and insured before signing on the dotted line. The general contractor usually hires all the subcontractors which are your plumbers, electricians and carpenters and you will want to get in writing, from him, that all of them are properly licensed/trained for the jobs they are doing.
Anyone who does work for a general contractor and is not a direct employee of that contractor is a sub-contractor. Regardless of who sets the price. The subcontractors work within the contract set between the general contractor and homeowner. Hence sub-contractor.
General Contractor Lic.
Check your local permit office. If it is your rental property and you are doing the work or you are the General Contractor you may not have to. If the price of the project exceeds the local requirement than you may need to if you are having someone else do the work.