Subcontractor

Definition

  • An individual or company that does specialty work for a general contractor such as an electrician or plumber.
  • Subcontractors are employed by companies in order to help them fulfill their contractual services. Anyone who enters into a contract with the primary contractor may be considered a subcontractor.

Synonyms
builder, carpenter, tradesman, skilled labourer, handy-man, programmer

Related Terms and Acronyms

  • Borrow Pit Definition,
    • A hole from which topsoil, gravel, or other material is removed for use in a construction project.
  • Contractor Definition,
    • Someone that agrees to furnish materials or perform services at a specified price.
    • One who constructs or oversees construction of a house or a large renovation.
  • Cost-plus Contract Definition,
    • An agreement in which a construction contractor receives a fee based on a percentage of all costs paid for labour and materials.
  • Custom Builder Definition,
    • A contractor that constructs or remodels houses based on plans submitted by the client.
  • Developer Definition,
    • To develop or create something.
    • Companies that buy land and put up buildings for rent or sale.
  • Draw Mortgage (DM) Acronym,
    • A periodic payment made to a construction contractor or subcontractor as work progresses. A draw is part of a construction mortgage.
    See Progress Advance Mortgage (PAM).
  • Drywall Definition,
    • Panels of gypsum plaster wrapped in thin cardboard and attached to the house framing to create interior walls.
  • General Contractor Definition,
    • The person or company that performs work on a construction project, hires subcontractors and suppliers, or both.
  • Self-Build Insurance Definition,
    • Insurance that covers a homeowner for problems involved in a construction project.
  • Speculation Builder Definition,
    • A developer that builds houses without a commitment from a purchaser.
Compare. Calculate. Apply today.
Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage