Should You Hire A General Contractor? | Self Managing Vs. General Contractor | Renovation Project

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Should you be your own general contractor? This is most common questions I get when my clients are about to undertake a large renovation project. There are some many factors that play into the decision and all depend on your level of experience and willingness to learn.
Any delays in your project translates to dollars lost!
In this video we break down:
The roles and responsibilities of a General Contractor
The advantages and disadvantages for hiring a General Contractor
The advantages and disadvantages for self managing your renovation project
What the best choice is, and how you can make it.
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Опубликовано:

5 окт 2024

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Комментарии : 10

@richardrutitis288 2 года назад

Great video Andy! Another con is that most GC's will ask for a sizable portion of the renovation budget upfront.

@suiteadditions 2 года назад

It should be based on milestones but they will definitely at least typically ask for funds for materials.

@weekendwarrior3814 2 года назад

Nice video! One other consideration is liability and who will be considered the constructor under the Ontario Occupational Health amd Safety Act. When hiring a GC he typically takes on the constructor role, meaning he is responsible for the health and safety of trades he brings on to the project.

@suiteadditions 2 года назад

Absolutely. Great point. There's a whole other part on liability and insurance we'll get into in a future video.

@teresitagonzales-vi5mf Год назад

A better pace, clarity and flow in your presentation compared to your other videos. You may feel stiff but you are not rushing hell bent to the end and dropping phrases and words that are difficult to follow. Content has visuals for listeners to focus and follow. Content of course is as always interesting and good.

@suiteadditions Год назад

Thx for the feedback!

@MrBananasundae 4 месяца назад

Does 10-20% profit (aka markup on subcontractor costs) sound about the right ballpark for GC's to do conversion projects around here in southern Ontario?

@suiteadditions 4 месяца назад

Yes that sounds like a good ballpark

@Jeff-if4id 2 года назад

Most of the time you can save a lot by managing the renovation yourself. However in today's labour shortage it's nearly impossible to get trades to show up and when they do they give obscene quotes. Currently, I'd say it's better to go with a reputable contractor since they will have connections with the trades.

@suiteadditions 2 года назад

Agreed in this current environment