Are you about starting a construction company? In view of the above, we have made provisions for the following position in our organization based on the size of the company we intend starting but as the business grows, we will create senior level positions and also create a structure that will support the business growth at every growth and expansion stage; Surviving in the business world as a construction company requires more than knowing how to deliver standard projects but also how to network with key people that matter; decision makers that can decide who a project is given to and all that. The government gets what they want and the construction company and contractors get good returns for delivering the projects. No doubt, our sales and marketing team will be recruited based on their vast experience in the construction industry and their ability to fit into our Business model. Need to know how to start a construction company? Smaller construction companies position themselves to be able to leverage on such opportunities once it present itself. We will build a business that has the right structures and process in place that can support growth; a business that runs on auto pilot. As a matter of fact, we are going to be known for delivering world class structures all over the globe. The financial plan is arguably the most important part of your construction company business plan. Okay, so we have considered all the requirements for starting a construction business. A construction company business plan encompasses many factors. In order to achieve this vision, we just have to position our company for growth and ensure that we hire dedicated and highly competent employees at all levels. Shannon Berg will generate 20 percent of the start – up capital from his personal savings and sale of his stocks, 30% of the capital will be generated from key partners (Nani David, Lois Scotland and Christopher Parkston), 50% of the capital will be sourced from banks. Fosse has only a small amount of debt and intends to stay that way. Start your own business plan. intellectual property, mergers & acquisitions, financial/ securities offerings, compliance issues, transactions, agreements, lawsuits and patents et al), Develops company policy and position on legal issues, Researches, anticipate and guard company against legal risks, Represents company in legal proceedings (administrative boards, court trials et al), Plays a part in business deals negotiation and take minutes of meetings, Responsible for analyzing legal documents on behalf of the company, Responsible for overseeing the smooth running of HR and administrative tasks for the organization, Defines job positions for recruitment and managing interviewing process, Carries out staff induction for new team members, Responsible for training, evaluation and assessment of employees, Responsible for arranging travel, meetings and appointments. Our marketing team will continue to get the needed support and encouragement that they need to be able to deliver on set goals and targets for the organization, and we will continue to improve our processes and structure to meet up with the changing trend in the construction industry. After you complete the 11 worksheets, you will have a working business plan for your startup to show your SCORE mentor. Shannon Berg Construction Company was established with the aim of maximizing profits through delivering quality and standard construction works for our highly esteemed clients. Our goal is to become one of the leading construction companies in Grand Rapids, Michigan and we know we can achieve this by ensuring that our sales and marketing team are delivering on set targets. leading the development and implementation of the overall organization’s strategy. Promote our business on satellite TV stations and radio stations. How much money will it take to start your small business? One of the greatest contributing factors to longevity in the industry is customer … We estimate that we will be able to reduce marginal costs and increase overall profitability by Year 3 or Year 4 as we grow and take advantages of economies of scale. Approximately $59,500 additional funding is needed. Unlike in advanced economy, in developing countries and undeveloped world, there are loads of construction works to be done. Fosse maintains the highest standards of service in the commercial construction industry. This business plan also contains the goals of the construction company as well as the business … Shannon Berg Construction Company will be owned by the principal partner; Engr. Our guide on starting a construction contractor business covers all the essential information to help you decide if this business is a good match for you. Responsible for developing and managing financial systems and policies, Ensures compliance with taxation legislation, Handles all financial transactions for the company, Serves as internal auditor for the company, Receives Visitors/clients on behalf of the organization, Receives parcels/documents for the company, Handles enquiries via e-mail and phone calls for the organization, Handles any other duties as assigned the line manager, Organized private sector (Corporate organizations), Foreign investors who are interested in owning properties in the United States of America, The government of the United States of America (Government contracts), The governments of other nations of the world. You create a plan, refine it, show it to other business leaders or mentors you trust, and make refinements along the way. Our competitive advantage is not limited to the crop of highly experienced professions that are members of our management team but also our board members. Another threat that we are likely going to face is the arrival of a big construction company in the location where our business has strong presence. Starting a contracting business? We have the market, the people, and the capabilities. As part of our plans to make our highly esteemed customers our number one priority and to become a global construction brand, we have perfected plans and strategies that will enable us work with our clients in delivering projects that can favorably compete with the best in the industry at an affordable and reasonable price within the stipulated completion date barring any unforeseen circumstance. Your business plan can look as polished and professional as this sample plan… 5. If you’re planning on starting a construction company, you’ve come to the right place. It might be challenging competing as a newbie in the construction industry, especially in a highly organized market like that of the United States of America, which is why we were deliberate in choosing our board members. Our target market cuts across governments at all levels and countries, the organized private sector and people of different class and from all walks of life. Ensures that project desired result is achieved, the most efficient resources are utilized and different interests involved are satisfied. Lastly, we will not relent in taking calculated business risks when it comes to bidding for bigger government contracts and taking on new business challenges and new business frontiers. Bplans is owned and operated by Palo Alto Software, Inc., as a free resource to help entrepreneurs start and run better businesses. Keep in mind that you will need funds to lease or … From our calculations, we are likely going to make a minimum of 30 percent profits after task from executing key construction projects. We will ensure that we generate income from every available means within the construction industry. We can confidently say that we have a robust financial standing and we are ready to take on any construction project that comes our way, as long as the project is duly commissioned by the required authority. We are quite aware that there are major players in the construction industry in the United Stated of America who are not interested in small business deals and that is why we have positioned Shannon Berg Construction Company to take on such contracts. Construction giants all over the world head towards developing countries, because they know that they are going to get juicy construction contracts there. Although our prices may not be outrageously lower than what is obtained in the industry, but we are hopefully that whatever price we bill our customer will be amongst the lowest they can get in the industry. Shannon Berg Construction Company is fully aware that starting a construction business requires huge capital base, which is why we have perfected plans for steady flow of cash from private investors who are interested in working with us. Creativity, excellence and timely completion of construction projects will be our signature. It's fast and easy, with LivePlan. Responsible for providing direction for the business. Opening of Corporate Bank Accounts various banks in the United States: Application and Obtaining Tax Payer’s ID: Application for business license and permit: Purchase of All form of Insurance for the Business: Renting of Office Facility in New York City: Generating capital from the CEO and Business Partners: Drafting of Contract Documents (Tenancy Agreements et al), and other relevant Legal Documents: Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Purchase of the Needed furniture, office equipment, electronic appliances and facility facelift: Acquiring of heavy duty construction equipment: Creating Official Website for the Company: Creating Awareness for the business (Business PR): Health and Safety and Fire Safety Arrangement: Establishing business relationship with key players in the industry (networking and membership of relevant construction bodies). A construction business plan can be defined as a business plan that allows you to lay down the outline for your construction company from start to finish. Engr. It is now obvious that construction giants leverage on their brands to win contracts and in some cases after they have won the contract, they will go ahead to sublet the contract to smaller construction company that they trust can deliver to execute the project at an agreed fee that will be good enough for both parties to make profits. The major clients for construction companies are governments and the private sector. This is an excellent opportunity to gain market share and a defensible position in the industry. Central to these changes is the Washington State Department of … Sustainability and Expansion Strategy, How Non Profit Organizations Benefit the Society/Community, Public facility construction (hospitals, schools, shopping malls, office complexes and industrial facilities et al), Construction Consultancy and Advisory Services. Entrepreneur Quiz: Do You Have What it Takes to Succeed? Generate part of the startup … Easily write a business plan, secure funding, and gain insights. He is the Executive Producer @JanellaTV and also doubles as the CEO, POJAS Properties Ltd. What are the Pros and Cons of Construction Manager at Risk, How to Deal With Passive Aggressive Employees in Construction Business, Duties of an Accountant in a Construction Company, 50 Types of Construction Equipment and Their Uses, How Much Money Do Construction Companies Make (Profit Margin), 10 Smart Tips on How to Organize your Construction Office, 20 Best Equipment Theft Protection Tips for Construction Companies, 10 Best Recruitment Strategies for Construction Companies, A Sample New Employees Orientation Checklist for Construction Companies, 14. This is necessary in order for us to be able to retain financial flexibility. Fosse Commercial Contractors (FCC) strives to offer the finest quality design, site preparation, cost estimates, construction, repair, and alteration to clients needing large scale construction services, whether it be office buildings, warehouses, large apartment complexes, public works, etc. Because of the diversification in the construction industry, you may be engaged in residential, commercial or industrial construction. The Houston area is booming at this moment, business has grown in the area for the last few years and is expected to continue for at least the next four years. A solid business plan can outline your assets, and … Shannon Berg and other partners (Nani David, Lois Scotland and Christopher Parkston). They decided to restrict the sourcing of the startup capital for the business to just three major sources. Construction Business Plan Fosse Commercial Contractors strives to offer the finest quality design, site preparation, cost estimates, construction, repair, and alteration to clients needing large scale construction … The fact that they have infrastructure deficit means that the government must be up and doing in terms of road constructions, bridge construction, public facility construction (hospitals, schools, office facilities and estates et al) and dams constructions. The budget for Liability insurance, permits and license: $5,000. We are going to pay more emphasis in the training of all our employees so as to give them all they would need to help the company achieve its aim and objectives. These are the threats that we are likely going to face as a newbie construction company in Grand Rapids, Michigan. In so doing, they work with governments in ensuring that basic infrastructures are restored and of course it will always ends up a win – win situation for both parties. Learn about the day-to-day activities of a construction contractor business owner, the typical target market, growth potential, startup … Shannon Berg, Nani David, Lois Scotland and Christopher Parkston will be the major financier of the company. Well the fact that we are a new construction company could count as a weakness. If you are starting a construction company, you need a construction business plan. Get Your Legal Ducks in a Row. next 16 years, the Construction Program Business Plan is designed to guide effective project delivery in a changing construction landscape. However, growth is expensive. You may need to rent or buy heavy equipment, or purchase materials in bulk. Our payment policy in Shannon Berg Construction Company is all inclusive because we are quite aware that different people prefer different payment options as it suits them, but at the same time, we will not accept payment by cash because of the volume of cash that will be involved in most of our transactions. As such, the development of any country or city can be said to be the handiwork of construction companies and other stake holders. No doubt there is always enough construction contracts to go round as long as a construction company is competent and well positioned. 85 Startup Resources You Should Know About, Free SBA Course on Writing a Business Plan, Using Your Elevator Pitch To Build Your Business Strategy, From The Trenches - Real Stories, Real Pitches. For this next year we intend to significantly increase overall revenues to close to $900K, from $572K this past year. At Shannon Berg Construction Company, our mission and values are to help governments, the private sector and individuals in the United States of America and throughout the world realize their dreams of building a world class structure that can compete on a global stage with the best in the construction industry. Let ’ s proceed to the right place because they know that our points... 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