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Do you put an independent contractor as an expense or income in the general ledger?
An independent contractor is classified as an expense in the general ledger. When you pay an independent contractor for their services, you record the payment as an expense, typically under a category such as "Contract Labor" or "Professional Services." This reflects the cost of the services provided, which reduces your net income. Income, on the other hand, refers to revenue generated from your business activities.
Can a roof be fixed by a general contractor?
If he can't he shouldn't be a general contractor
Subcontractor Agreement?
Get StartedA Subcontractor Agreement is an agreement between a general contractor (the "General Contractor") and another party who has subcontracted to perform work and services for the General Contractor (the "Subcontractor"). The General Contractor is the party who will contract directly with the owner of the property on which the Subcontractor will be working. Frequently, the General Contractor has portions of the larger project that the General Contractor prefers not to do. Therefore, the General Contractor contracts those portions out to another party, the Subcontractor.If it is available, the Subcontractor may wish to review the Original Contract between the Owner and the General Contractor to be sure that there are no conflicting terms between it and the anticipated Subcontractor Agreement.This agreement allows the parties to describe which services and materials the Subcontractor will provide, specify the price for the work, and assign various rights and liabilities between the parties. Important provisions regarding indemnification, insurance, change orders, unforeseen conditions, defaults, the nature of the parties' relationship and miscellaneous concerns are also included.This agreement should be signed by both parties and becomes effective as of the date inserted at the beginning of the agreement.
Is a person a subcontractor if the general contractor makes the price?
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.
Who was the contractor that built the metrodome?
General Contractor Lic.
Core Landscaping Contractor and Landscape Architect Services?
Core Landscaping Contractor and Landscape Architect Services
Why does a contractor need a professional liability insurance policy?
A contractor typically needs a Commercial General Liability Insurance Policy. If the contract includes professional services, then the contractor will likely be required to carry Professional Liability Insurance, either in addition to, or in place of a CGL policy. It really just depends on the nature of the services contracted.
Why would a subcontractor get a general contractor license?
So they can work as a general contractor and not have to work for someone else.
What is an insured contractor?
An insured contractor is a contractor who carries a Commercial General Liability Insurance Policy.
What happens when a general contractor is not a general contractor in your state?
That means he is an unlicensed general contractor. He has not set up a bond or registered with the state licensing board. Complaints in your state would not be readily available.
What is the difference between contractors and general contractor?
A contractor is any professional or company hired to perform specific tasks such as plumbing, electrical work, or HVAC installation, usually focusing on one trade or service. A general contractor, on the other hand, manages an entire construction or renovation project, overseeing multiple subcontractors, coordinating timelines, ensuring compliance with building codes, and delivering the project as a whole.
What services does Choate Construction provide?
Choate Construction is a commercial general contractor. They build office towers, school, car dealerships and the like. They offer full services, from designing the building to construction of it.
