Category Archives for "Construction"

Oct 10

7 Steps on Starting up Your Own Construction Business

By Robert Perez | Construction

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The ever increasing demand for housing has had a significant impact on the growth of building and residential construction companies over the last few years. Among the ten fastest growing companies, six can be affiliated with the construction business with projections indicating a robust growth in the industry within the next five years.

Increasing demand in the retail building business also impacts positively on the growth of this industry. For people who would wish to venture into the construction company business, the following provide a guideline and startup methodologies:

Getting Help and Being Mentored

It’s not advisable to undertake this venture alone. There exist individual development centers that can help one with understanding the pros and cons of the business as well as help with the planning process to ensure excellent results.

Accessing Finance

Financing option is a very critical step in a business startup and the process of any business growth. In the absence of one’s personal savings or the inability to get any loan financing from the bank, one might think of alternative financing options from small business groups such as business credit bureau, credit unions, and community banks.

Necessary documentation

Protection of oneself is also fundamental through obtaining the first permits of business and the required licenses. The acquisition of surety bonds and insurance is also necessary for assured protection. For one to obtain such necessary documents, you need to comply and adhere to all rules and regulations. Some of these papers include:

  • Surety bonds

For legal operations, construction companies are in need of the construction bonds. The arrangement of a surety bond by a third party is also essential to guarantee payment to customers in cases of unfulfilled contractual obligations. The regulations on bonds are never similar for all the states and hence proper research is necessary for the right relationship decisions.

  • Business permits and licenses

Besides the general business licenses, construction companies have a particular type of license needed for the operation of the enterprise. It’s appropriate to check with the state offices for these licenses and inquire for specific information that is necessary. For business activities conducted from homes, especially if it’s acting as the central office, a home business permit also needs to be granted.

  • Insurance

Different business insurances are required depending on the on the work and nature of one’s construction company activities. The state disability, the workers compensation, property, and vehicle, as well as generally insurances, are just some of the types of insurance a construction company would want to have.

Development of a Safety and Occupational Health Plan

Act on the occupational and safety health plan requires that all workers need safe working conditions free from any dangerous situations and offering an authentic workplace for all the employees.

Finding and Hiring Labor

Independent contractors, subcontractors, labor brokers and hired employees are some of the important jobs to be secured by any viable construction company. It is essential that employment acts should be well understood before starting up a construction company business, including the necessary steps to hiring the laborers.

Taking Advantage of the Online Resources and Industry Tools

Numerous resources might prove helpful for the started construction companies; they include; building an online office. It also includes documents like schedules, budget estimation, billing, invoicing and time sheet as well as templates.

Comparison of construction business software would provide the approved construction management option for small upcoming construction companies.

Jun 21

Choosing the Best Site for Your Construction

By Robert Perez | Construction

locations-america

The building industry is one of the industries worldwide that is experiencing a constant boom. As more people venture into this industry, it gets more and more costly to acquire a piece of land to set up your construction. Before beginning your construction, take note of the site or location you wish to establish your business. The site is a key factor because the place of your business significantly influences its success. The fact that site selection for your construction is mandatory and paramount means that you need to consider key factors. These factors would determine the success or failure of your construction.

  1. Purpose or reason as to why you need the site.

The purpose of the location you are looking to buy may as well be deemed as the primary consideration in buying or selecting a site for your construction. For instance, if you are seeking to put up a commercial, residential building, you will need to find a building site that has good drainage and proper gradient. As a project owner or contractor, you need to be well aware of the reasons as to why you need that particular site to come up with the most favorable choice.

  1. The size of the building

The size of the building you would wish to construct directly influences the size of land you need. Bigger business ventures call for greater land. The same applies to smaller business ventures which would require smaller pieces of land. The size of the building is linked directly to the type of business you have in mind. For instance, if you want to put up a processing firm, you will most definitely require a larger piece of land.

  • Number of employees

The number of staff in an organization may not directly influence the selection of your construction site. It, however, determines the size of the business entity. With the scale of the organization in mind, you should be able to identify the most appropriate areas for you to begin construction.

  1. Client’s network and business

As a customer, your business substantially determines the site or location for development. On the other hand, your systems will enable you to make discoveries of available sites for construction. Such sites are often unnoticed by many individuals because they lack the connection. With appropriate connections, you are more likely to come across information of the best sites for construction. In that case, it is ideal that you create a good relationship with everyone you meet.

  1. Amount of truck traffic

Depending on the type of business or entity you would wish to establish on a particular site, truck traffic would be an ideal factor to consider. Significant manufacturing and processing plants would often demand high truck traffic.

  1. Possible transportation routes

When selecting a site for construction, be sure to confirm that the said site is readily available from all sides. Accessibility only means that people can easily access the location of your business. With many people accessing your business, you would be able to improve and grow periodically. The site you are looking to establish needs to have proper transport routes.