Subcontractor


Definition of "Subcontractor"

Party that receives part or all of a construction job to do from the general contractor.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Contributing Properties Coverage

Same as term Contingent Business Income Coverage Form: coverage for loss in the net earnings of a business if a supplier business, subcontractor, key ...

Hold Back

Portion of a construction loan withheld by a lender from a contractor until all construction work is satisfactorily completed or sufficient space is r ...

General Contractor

Contractor who signs a contract with a property owner or developer and assumes comprehensive responsibility for completing a construction project. A ...

Contingent Business Income Coverage Insurance

Same as term Contingent Business Income Coverage Form: coverage for loss in the net earnings of a business if a supplier business, subcontractor, key ...

Contractor

(1) Individual or business that is engaged to do some sort of construction work for another for a fee. There are basically three types of contracting: ...

Progress Payments

In a construction loan, payments made to a contractor as the various construction stages are completed. The contractor uses progress payments to pay t ...

Popular Real Estate FAQ

What Is A Qualifying Ratio?

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

What Is An Overall Debt Ratio?

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-term debt) to your monthly gross income. Lenders us ...

What Is A Lifetime Rate Cap?

A lifetime rate cap is an adjustable-rate mortgage (ARM), this cap limits the amount the interest rate can increase or decrease over the life of a loa ...

What Is A Broker?

An agent who is authorized to open and run his/her own agency. All real estate offices have one principal broker. ...

What Is An Investment Property?

An investment property is a property you purchase with the intension of using it as a rental income or for investment purposes rather than to live in. ...

What Is A Loan-to-value (LTD) Ratio?

A loan-to-value ratio is used by lenders to state how much you have financed. If you put down 20 percent on a purchase, you finance 80 percent and hav ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House DIY Home Improvement to Increase Your Home Value Moving Tips: House Relocation Stress Free Increase Your Home Value With These Home Improvement Ideas Down Payment: Everything You Wanted to Know

FAQ

What is a lien? What is an adjustable-rate mortgage (ARM)? What is the difference between being prequalified and preapproved for a loan? What is a lock in? What is comprehensive homeowners insurance?