A contractor is a person or firm that undertakes a contract to provide materials or labour to perform a service or do a job.
Step Guide to Become a Construction Contractor In Ghana
The basic steps one must follow to become a construction contractor are explained below:
Obtain a Degree Related to Construction Technology
A relevant education degree plays a significant role in becoming a licensed contractor.
One must hold a high school diploma or an associate degree in order to become a licensed contractor.
An associate degree purely based on construction technology is important for gaining more expertise in the field. It highlights one’s profile to make them more marketable to prospective customers.
Short-term courses that focus on business practices, finance, tax regulation, and local zoning ordinances can boost job opportunities for a contractor.
Gain Position, Experience, and Skill in Construction
Some construction contractors obtain a contractor’s license solely based on their heavy experience in the construction industry. The minimum experience varies across different countries, but generally, it is not less than three years in construction jobs.
Create Business Plan
A construction contractor, before obtaining a license, must develop a sound business plan. The contractor’s business plan must include several elements like the scope of work, the financial aspects, and all the necessary information to ensure the feasibility and profitability of the contracting business over time.
Obtain a Contracting License
All construction contractors are required to obtain a professional license.
The procedure for obtaining a contractor’s license is mainly dependent on state and local municipal regulations. The requirements may vary, but most of them call for educational background and professional experience.
Some countries require the candidate to go through professional training and pass a test before providing the contractor’s license.
Managing Contracting Business
A successful contractor should consistently manage the contracting business so that they earn a strong reputation for the construction work. Proper management of a contracting business requires several steps like:
Reviewing finances
Marketing
Maintaining contractor’s license
Staying up-to-date with contractor regulations and standards
Maintain quality in construction practices without any disputes
Once an individual has acquired the level of education, experience, skill, and legal license to become a construction contractor, they can start their own business or work for established construction companies.
What are the major types of construction contractors?
General Contractor. A general contractor oversees a building project from start to finish.
Electrician.
Plumber.
Heating and Ductwork.
Drywaller.
Painter.
Finish Carpenter.
Other Contractors.