There are 1 Companies in Panama
that provide General Contracting Services!

Panama is known more for shipping, banking, low taxes, and beautiful sights. But the IT industry is not so far behind since the country is in the middle of digital transformation, and currently at the 4th stage of the “Smart Nation” project. Within this project, most of IT companies decided to settle there, and the existing ones have known successful progress. So after all, Panama is not only about taxes and beaches, but it has a developing IT sector. 

The main part of the tech sector relies on app development. Even back in 2014, Panama started to be an operational center for 250+ startups that were focused on developing apps for Google’s android, mainly. Later on, the country was a destination to set for multinational companies such as Dell, Ericsson, or ABB that continued to develop the IT industry inside the country. Panama doesn’t lack tech specialists, even if the country has ~4 million inhabitants. Since the tax policy is flexible and real estate is cheap, many skilled professionals from both Latin and North America consider Panama as a great place from where to work. 

Why working with a Panama-based IT company

Consider Panama as a non-national-based IT destination. Here, out of hundreds of IT startups and tech companies, only 30% are founded and lead by native inhabitants. The other 70% or so are international IT & software companies that relocated to a place comfortable for both workers and companies. 

In Panama, you can find the entire spectrum of IT services and companies that perform from midrange to top. Of course, these companies charge according to their service quality, but then again - try the US market and you will get extra prices for everything.  On top of everything, many Europeans found Panama as a great choice to start or continue their business. 

The local currency is equal to the USD which makes the country comfortable to work with. The average yearly salary of a web developer in Panama is ~39K USD, while the average hourly rate is ~18,8 USD. These are pretty competitive prices compared to the US or Bolivia, for example. 

What you should pay attention to when working with a Panama-based IT company

The huge company diversity in Panama can have both positive and negative impacts, especially for those interested in budget projects. Out of 560+ IT and software companies registered in Panama, many of them are still inexperienced in developing, design, marketing, or even simply B2B affairs. Yes, the risk of hitting an inexperienced company persists in every country, yet the chances here are bigger, due to the high number of startups that already call themselves “well-established web agencies”. 

How reliable are Panama-based IT companies

IT companies that lack experience, on their turn can create project difficulties, such as delays on project delivery, miscommunication, lower-than-average project management to name a few. This is why Tech Behemoths comes to help in analyzing and finding the right partner for your digital project. 

On the other hand, there are not few IT and software companies that gained a name on the international IT market and perform decent to world-class services for their clients and have a good portfolio. 

Generally, it all depends on the company, but certainly, Panama is a country not to miss when looking for a digital partner.

General contracting services are the backbone of construction projects, overseeing every aspect from planning to completion. These services ensure that construction projects are executed efficiently, on time, and within budget.

IT companies have begun offering specialized software and technology solutions for project management and construction processes. Some IT companies in this space include Procore, PlanGrid (now Autodesk Build), and Viewpoint, offering software designed to streamline construction management. While these solutions can be reliable in providing tools and platforms to support general contracting services, the practical execution of construction projects, including on-site management and physical construction, typically falls within the purview of traditional construction firms.

General contracting service providers rely on various tools and technologies to manage construction projects efficiently. These include project management software, Building Information Modeling (BIM) software, construction scheduling software, and Geographic Information System (GIS) tools. Mobile apps for real-time project updates, drones for site surveys, and remote monitoring systems also enhance project management.

General contracting is closely related to a range of construction and project management services, including design-build, construction management, subcontracting, project management, and facilities management. These services work together to ensure the successful planning, execution, and maintenance of construction projects.

Selecting the best IT company for general contracting services involves evaluating the features, scalability, and compatibility of their software solutions with your project's needs. Consider factors like user-friendliness, customer support, and the ability to integrate with other software and systems used in the construction industry.

General contracting providers are essential for various construction projects, including commercial construction, residential construction, infrastructure projects, industrial construction, renovation and remodeling, and government and public works. Companies and organizations across industries, including real estate developers, corporate entities, government agencies, healthcare institutions, retail chains, and education institutions, may require general contracting services based on their construction needs.

The cost of general contracting services varies widely based on factors such as project size, complexity, location, and the scope of work. In the US, average construction costs can range from $150 to $450 per square foot or more, depending on the project type and location. Costs in the UK and Australia may follow similar ranges but can also vary based on local market conditions and regulatory requirements. It's crucial to obtain detailed project estimates and bids from general contractors based on your specific project requirements and location.