A building contractor can be termed as an expert from the construction industry who hires skilled and unskilled workers to construct a completed project. A building contractor is usually required to be licensed by an examining board. Only licensed contractors are allowed to bid for projects. The bid is in turn based on the estimated costs of the total construction, which could include the wages of the subcontractors, laborors, and the cost of the building materials, to mention only a few.
Building contractors hire qualified sub contractors, who are specialized in certain skills, apart from sometimes performing some of the construction activity as well. Most of the leading building contractors share a good rapport with other experts in the field of construction. This ends up in a win-win situation for all the parties involved, with the contractors often hiring the services of a specific company for each of their projects. Building contractors are responsible for the works done by the sub contractors also. Building contractors are expected to work in close tandem with other professionals like architects and engineers to successfully complete the projects.
One important work of building contractors is to hire the right kind of subcontractors, who can enable them to finish the project as per requirements. A good building contractor is the one who understands his / her limitations. The complexity of a project, if it is beyond a contractor's skills, he / she needs to step back and allow others to win over the bid. Building contractors need to be a part of a building project, right from the time of the laying of foundation to the end of the project. Building contractors therefore should have an intricate knowledge of the construction industry. Civil and structural engineers are there before to make good building contractors, since they have in-depth knowledge of the construction industry and the various construction processes. Apart from the engineering knowledge, one also needs to have good business acumen to be a successful building contractor.