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Very often Sub Contractors are SME (Small and Medium Enterprises). Because of this thy frequently have lower operations cost and over heads that larger companies. Therefore they will then be able to bid for work at a lower cost as long as they are big enough to do the work within the bid

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Q: Why do subcontractors offer cheaper than prime contractors?
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What is the lowest interest rate banks can offer called?

Prime Rate -A+


What companies were found to be sub prime mortgage lenders?

There are a number of companies that offer sub-prime mortgages that are a valuable tool when looking to purchase a property. Lenders such as; b2b mortgage and the mortgage loan company offer such a service where one can find out information about the types of policies they offer and the rates of repayment for each individual case.


Which banks offer lower mortgage rates than Scotiabank?

Depending on the length of time the mortgage would be for, there are a couple other selections that are less costly then Scotiabank. Of the few, ING Direct offers the same prime rate for five years like Scotiabank, But their 3 and 10 year plans are considerably cheaper. BMO and PC Financial offer similar packages/policies as ING Direct, but going through a mortgage only type broker (Centum Financial, True North Mortgage) would cost even less.


Which reputable financial institutions offer the cheapest unsecured loans?

Chartered banks add credit unions offer the best rates on unsecured loans. They offer these loans to their existing clients who have a secure income and an good or excellent credit rating. The best rates can be as low as prime plus 1%.


Is the prime rate usually the same among major banks?

Yes, in most cases it is the same. The prime lending rate is the rate at which banks offer loans to their best customers. In most cases, the prime lending rate that is offered to a customer by multiple banks would be the same or it would be a little bit off one another but around the same value. For ex: Bank A might offer at 4%, Bank B at 4.5% whereas Bank C at 3.75%.

Related questions

How many people helped build the Golden Gate Bridge?

The Bridge was built by 10 different prime contractors and their subcontractors.


What's the difference between a general contractor and a subcontractor?

A general contractor usually is responsible for the supplying of all material, labor, equipment, (engineering vehicles and tools) and services necessary for the construction of the project. To do this it is common for the general contractor to subcontract part of the work to other persons and companies that specialize in these types of work. These are called subcontractors. General contractors construct the project. Subcontractors supply the equipment/supplies. General contractors conducting work for government agencies are typically referred to as prime contractors. The responsibilities of a prime contractors working under a contract are essentially identical to those outlined above. In many cases, prime contractors will delegate portions of the contract work to subcontractors. ex. if i do home remodeling,baths, kitchens,windows but u also need a concrete patio and i dont do that, i would hire a person who does concrete.he is the subcontractor.


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

The prime contractor is contracted by the end customer. Sub-contractors are contracted by the prime contractor or other sub-contractors.


Can you collect unemployment if you are a subcontractor in the state of Florida?

In the sample application form in the Related Link below, there is no mention of filling in information regarding severance pay, so apparently you can collect. To be safe, when you file for unemployment, ask the unemployment employee if you can.


What is prime cost sum?

A prime cost is the allowance that is usually measured by the cost consultant for the needed supplies at work. It is to be provided by the contractors or the suppliers.


Does prime offer truck driver training school?

does prime offer truck driver training school???


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

They are synonymous. i.e., They mean the same thing. Prime Contractor = General Contractor. Some construction projects have multiple primes (multi-prime contract), where each prime is in charge of a general area of work and hires subcontractors underneath him, and one of the primes is typically delegated the owner's duty to coordinate. But the typical construction cite just has one prime.


Who built the hubble telescope?

Many people and organizations were involved in designing and building the initial parts of the Hubble Space Telescope. Lockheed (Lockheed Martin today) was the prime contractors for building the telescope, but there were many other contractors involved. The various instruments were designed by different combinations of universities, contractors, NASA, and ESA (European Space Agency).


What is the lowest interest rate banks can offer called?

Prime Rate -A+


What services does a prime broker offer?

A Prime Broker offers services such as Global custody, Financing, Securities Lending and Risk Management. You can learn more about Prime brokerage at the Wikipedia.


What institutions offer sub-prime auto loans in Saskatchewan?

The Wells Fargo in Saskatchewan offered sub-prime loans at least a year ago. Check to see if they still offer them for three or five year auto loans.


What companies were found to be sub prime mortgage lenders?

There are a number of companies that offer sub-prime mortgages that are a valuable tool when looking to purchase a property. Lenders such as; b2b mortgage and the mortgage loan company offer such a service where one can find out information about the types of policies they offer and the rates of repayment for each individual case.