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A general contractor is a construction manager employed by a client, usually upon the advice of the project's architect or engineer. [7] General Contractors are mainly responsible for the overall coordination of a project and may also act as building designer and construction foreman (a tradesman in charge of a crew).
In commercial law, a principal is a person, legal or natural, who authorizes an agent to act to create one or more legal relationships with a third party.This branch of law is called agency and relies on the common law proposition qui facit per alium, facit per se (from Latin: "he who acts through another, acts personally").
Bechtel was awarded the contract and took over day-to-day construction of Plant Vogtle's Units 3 and 4 after Westinghouse Electric, the designer and principal contractor for the two new reactors, filed for bankruptcy. [209] As of 2018, Bechtel is building the Uranium Processing Facility at the Y-12 National Security Complex in Tennessee.
This is an accepted version of this page This is the latest accepted revision, reviewed on 26 November 2024. American construction company Turner Construction Company Company type Subsidiary Industry Construction Management, Consulting Founded 1902 ; 122 years ago (1902) Founder Henry C. Turner Headquarters 66 Hudson Boulevard East, New York, NY 10001, United States Area served International ...
A client is required to appoint a principal designer as well as a principal contractor in any project where there is, or it is reasonably foreseeable that there will be, more than one contractor working on the project. Under the 2007 Regulations appointments for similar roles were required for notifiable projects.
The bid bond prequalifies the principal and provides the necessary security to the owner (or general contractor), also known as the “obligee”. This helps prequalify contractors and protects the bid letting by guaranteeing that the principal will enter into the contract, for the amount of the bid, if it is awarded.
The principal contractor develops a health and safety plan from the pre-construction information provided by the CDM coordinator and by ensuring that the plan is followed. The principal contractor must be a licensed contractor. A contractor performs/manages construction work and is formally appointed by the client.
With $48.666 billion in business with the U.S. federal government, Lockheed Martin, based in Bethesda, Maryland, is the largest U.S. federal government contractor. The Top 100 Contractors Report (TCR 100) is a list developed annually by the General Services Administration as part of its tracking of U.S. federal government procurement.