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The pros and cons of becoming a subcontractor

Fieldwire

If you decide to start your own subcontracting business, you’ll be able to reap many of the most significant benefits of working as a general contractor — like greater flexibility in job hours and scheduling. As a freelancer or independent contractor, you may also need to pay the higher self-employment tax rate.

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Q2 Construction Labor Costs $28.13/Hour

Job Order Contracting

Construction compensation increased 0.8% Production responsibilities for establishments in this sector are usually specified in (1) contracts with the owners of construction projects (prime contracts) or (2) contracts with other construction establishments (subcontracts). Employment (in thousands). Employment, 2015.

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A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

In this respect, general liability insurance or workers’ compensation could help cover those costs if an incident should occur. . Each field of subcontracting work has its own area of focus in insurance matters. Workers’ compensation insurance should be in place to help defray the costs of employee medical treatments.

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#67:  Paying Your Subcontractor's Employees

NH Construction Law

Similarly, New Hampshire law provides that if a subcontractor doesn’t pay amounts owed to its employees under workers’ compensation laws, the general contractor must cover those as well. But even on private projects written subcontracts can reserve the right to inspect subcontractor payroll records. RSA 275:46. § 5.5(a)(6).)

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New Guidance on the Vaccination Mandate for Federal Contractors

Federal Construction Contracting Blog

The guidance states that where the new clause is included in a contractor’s contract (or subcontract), the vaccination requirements will apply to all “covered contractor employees.” However, the guidance now places a heavier burden on employers, requiring that they inspect each employee’s proof of vaccination.

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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

The bottom line is: Subcontracting work will be very difficult to secure if you carry no insurance or policies with inadequate coverages. . Workers compensation insurance. Employment practices liability. An uninsured business would likely not have the financial resources to pay a large legal settlement.

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New Hampshire Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Department of Defense, Defense Logistics Agency, providing specialized assistance to businesses seeking assistance with contracting and subcontracting opportunities with the Department of Defense, other federal agencies or state and local governments. The training program may be up to six weeks and maximum of 24 hours per week.