What is the difference between a contractor and a principal in a construction project?

A contractor and a principal are key players in a construction project. The main difference between these two roles is the scope of responsibilities. A contractor is responsible for the completion of a construction project. This may include building the structure, completing the electrical work, and making sure all the details are taken care of. Contractors are typically hired by an owner or a principal and are normally paid a fee once the project is complete. A principal is primarily responsible for overseeing the project. They are in charge of ensuring the contractor completes the work on time and on budget. Principals also negotiate and review contracts, approve payments, and manage the project’s safety and environmental standards. A principal can also be a party who is receiving construction services, such as an owner or developer. They may have certain expectations that a contractor must fulfill, such as maintaining a certain quality of work or a certain delivery date. Ultimately, the principal has the final say in the success of a construction project.

Related FAQs

What are the legal requirements for pollution control in construction?
What types of legal issues can arise in the field of construction law?
When can a mechanic's lien be enforced in court?
What is the dispute resolution process of the American Arbitration Association?
What are the rights of subcontractors when a contractor is paid?
What are the legal remedies available when a construction project runs over budget?
What is the process for filing a lien if payment is not received for construction work?
What are the types of disputes that arise during construction contracts?
Is construction law different in each state?
What is the difference between clean and unclean construction sites?

What is the difference between a contractor and a principal in a construction project?

Related FAQs

Related Blog Posts