General contractors oversee construction projects from conceptualization through completion. They are willing to take the risk no matter what kind of construction project comes their way.
They are confident in their ability to handle all variables in construction. In fact, they are so confident that they sign themselves to a legally binding document, knowing that this job is dangerous.
Part of the duty of general contractors is to oversee the hiring and budgeting of subcontractors and subcontracted workers. For example, when general contractors supervise the construction of a new house, stadium, or bank, they hire subcontractors. These subcontractors complete tasks like framing walls, installing windows, laying tiles, and finishing carpets.
Modern construction requires specialization. This means that general contractors must be familiar with all specialists and materials in their area. That will prevent contract execution delays and avoid substandard work and materials.
As mentioned before, this is laborious work. Contractors must be aware of risks, such as manufacturing defects, injuries, uncontrolled weather, and strict timelines that may affect their work. That means they must be prepared to manage these risks and exposure and take full responsibility.