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Commercial construction in the USA pays significantly better margins than residential – but the entry requirements are substantially higher. Here’s what it takes. Key Differences: Commercial vs Residential Factor Residential Commercial Contract size $5K-$500K $100K-$50M+ Insurance minimums $1M GL $2M-$5M GL Bonding Often optional Almost always required Payment terms Deposit + completion AIA payment applications,…
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Quote and estimate are often used interchangeably – but they have very different legal and practical meanings. Using the wrong one costs US contractors thousands of dollars in disputes every year. What Is a Quote? A quote (also called a “bid” in commercial contracting) is a fixed price offer for a defined scope of work….
Most tradespeople who go self-employed wish they’d done it sooner. The ones who hesitate usually aren’t held back by skill – they’re held back by not knowing the practical steps. What do I register? What insurance do I need? When do I tell HMRC? What about VAT? This is the checklist that answers all of…
The Inflation Reduction Act (IRA) of 2022 has created the largest sustained investment in green home upgrades in US history – and the contractors positioned to deliver EV chargers, solar, and heat pumps are among the best-placed tradespeople in the US economy right now. The Three Big Green Categories 1. EV Charger Installation With 7+…
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