Most general contractors rely on trade contractors to assist them in successfully completing construction projects. Likewise, trade or subcontractors often depend on GCs for work. Many general and trade contractors have long-standing relationships and a mutual respect for each other. However, when trade contractors are considering working with a GC for the first time, there are some tips to be aware of. Read the full article from Construct Connect…
- Do your homework on the contractor
- Make sure you have a contract/change orders in place before beginning any work
- Read the details and fine print of the contract
- Review payment bonds, if there are any
- Clauses to watch for:
- Pay-when-paid or pay-if-paid clauses
- Flow-down or pass-through clauses
- Indemnification clauses
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