Pre-qualifying your subcontractors on your projects may seem like a waste of time, however, it is an important step in your construction project process. When you pre-qualify your subcontractors, you have the opportunity to 'weed out' the companies who have issues getting credit for materials, ones who have had problems paying their subcontractors or suppliers and you also clear up any questions surrounding their ability to perform the contract that you would otherwise offer them.
Other important steps in the pre-qualification process are verifying the licenses held by the subcontractor including state contractor licenses and sales tax and/or business licenses. Verifying a contractor's license in critical. You do not want to use a contractor who has no license or whose license has been cancelled or revoked. Doing so puts you in jeopardy on your project as well as with the licensing agency. In many states, hiring an unlicensed contractor can put your company at risk of losing your license, having to pay a large fine or having your license sanctioned.
Other important steps in the pre-qualification process are verifying the licenses held by the subcontractor including state contractor licenses and sales tax and/or business licenses. Verifying a contractor's license in critical. You do not want to use a contractor who has no license or whose license has been cancelled or revoked. Doing so puts you in jeopardy on your project as well as with the licensing agency. In many states, hiring an unlicensed contractor can put your company at risk of losing your license, having to pay a large fine or having your license sanctioned.
Avoid the problems with your license and your project by taking the time to pre-qualifying your subcontractors. If you need assistance with this, please feel free to contact me.
If you are in construction, you need my book. If you know someone in construction, tell them about my book. This is the book that you will take into the trenches with you. It's easier to run a business when you have all the right information from the start. The 'Construction Administrators Handbook' will help you get through all of your construction projects with ease. Go see the book at www.myconstructionoffice.com. I have marked the book down to almost 1/2 of it's original price to help get it into your hands.
If you are in the greater Phoenix area, we also offer on site services for consulting, accounting, training and custom spreadsheets. Follow us on Facebook and Twitter for new posts that are relevant to the construction industry. Contact us if there is a topic you would like covered. We look forward to working with you to help make your company more profitable and run more efficiently.
Charlene S. Reed, Author
Construction Administration Handbook
Owner - Responsible Business Services
"We only succeed when you succeed."
If you are in construction, you need my book. If you know someone in construction, tell them about my book. This is the book that you will take into the trenches with you. It's easier to run a business when you have all the right information from the start. The 'Construction Administrators Handbook' will help you get through all of your construction projects with ease. Go see the book at www.myconstructionoffice.com. I have marked the book down to almost 1/2 of it's original price to help get it into your hands.
If you are in the greater Phoenix area, we also offer on site services for consulting, accounting, training and custom spreadsheets. Follow us on Facebook and Twitter for new posts that are relevant to the construction industry. Contact us if there is a topic you would like covered. We look forward to working with you to help make your company more profitable and run more efficiently.
Charlene S. Reed, Author
Construction Administration Handbook
Owner - Responsible Business Services
"We only succeed when you succeed."
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