contractor

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contractor

a person or firm which enters into a legal CONTRACT with another person or firm to supply goods or services. For example, in the building industry a housebuilder may employ contractors to undertake the plumbing and electrical work involved in the construction of houses, rather than do this work himself. The plumbing and electrical contractors would provide, for the contract price, all piping, wire, etc. needed, plus the specialist workers to install them. In turn, the plumber may enter into an agreement with a subcontractor to install the timeclocks and electrical controls for the central heating system. Complex projects requiring a large number of specialist inputs are frequently undertaken on a CONSORTIUM basis.

contractor

a person or firm that enters into a CONTRACT enforceable in law with another person or firm to supply goods or services. For example, a house builder may employ contractors to undertake the plumbing work involved in the construction of houses rather than do this work itself. The plumbing contractor would provide, for the contract price, all piping, wire, tanks, etc., needed, plus the specialist workers to install them. In turn, the plumber may enter into an agreement with a subcontractor to install the time clocks and electrical controls for the central heating system.

contractor

One who supplies labor and materials to provide services in connection with the construction of an improvement on real estate. General contractors must typically be licensed by the state.An exception is made for property owners who act as their own general contractors or for general contractors of projects below a certain dollar limit.

References in periodicals archive ?
Where is the largest and fastest growing market for the specialty trade contractors? How does the market relate to the overall economy, demography and other similar markets?
* General contractor: General contractors manage home improvement projects.
The Contractor is required to submit six copies of monthly Statement(s).
Because carriers have much invested in their brand and reputation, it is critical that any contractor referred to the policyholder be properly vetted, or else potential risk for the brand and reputation can occur.
This means that although a general liability policy can cover property and other exposures, many small artisan-type contractors have no insurance protection for E&O claims.
"We understand that one size does not always fit all, so the new standard safety services allow operators to group contractors and create specific requirements for each contractor group.
Working with contractors is not rocket science, but understanding their purpose and treating them as if they are part of a military unit is significant.
On the one hand, many contractors operate so as to meet their minimum--and only their minimum--requirements.
Indications are that significant numbers of defense contractor employees work alongside DOD employees in the 21 DOD offices GAO reviewed.
"Skanska believes in a level playing field for all our contractors and by establishing our Construction Management Building Blocks training program for minority contractors, we believe we will help these minority contractors not only to build and grow their businesses but to also help them to become more competitive within the construction industry," said Alton Lewis.
Fixed-price contracts place greater risk on defense contractors to deliver a weapon system at a quoted cost.

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