Study Document
Business Plan: Drew Construction Co., Research Proposal
Pages:3 (778 words)
Sources:1+
Subject:Other
Topic:Construction
Document Type:Research Proposal
Document:#58604249
According to Finkel (1999), "The American construction industry is a vibrant and dynamic segment of the overall economy. It is annually responsible for nearly 4% of the nation's gross domestic product (GDP)" (p. 3). The historic performance of the construction industry has remained positive, even during downturns in the national economy. In fact, the last decade has been a period of healthy growth from the construction industry worldwide; however, a continued economic slowdown may result in somewhat slower growth in the future (Law, 2008).
The historic growth patterns of the construction industry are shown in Table 2 below and illustrated in Figure 1.
Table 2.
Construction industry market analysis: 2001-2004.
Compound Annual Growth Rate (CAGR)
Commercial Construction
Source: U.S. Census Bureau cited in BPlans, 2008 at http://www.bplans.com/sample_business_plans/Construction_and_Engineering_Business_Plans/Formwork_Construction_Business_Plan/Market_Description_fc.cfm.
Figure 1. Construction industry market analysis: 2001-2004.
Source: Based on tabular data from.S. Census Bureau cited in BPlans, 2008.
Strategy.
The company's strategy for growth is based on an ongoing improvement process consisting of establishing realistic objectives, measuring performance results, and using the resultant feedback to facilitate continued growth and achievement of the above-stated mission and vision statement.
Organization and Management.
The company's management team consists of its founders, both of whom have extensive sitework construction experience. The company's management team will equally share responsibilities for general management, construction consultation and site management. The founders have contributed equal shares of $32,147.50 each for start-up purposes.
Balance Sheet.
The company's balance sheet, including anticipated equipment costs, is provided in Table 3 below.
Current Assets
Costs/Value
Cash accounts
1999 KOMATSU Excavator - Crawler (used)
1990 Ford 755B Loader Backhoe (used)
1999 Ford Pickup Truck with Trailer (used)
2006 Allmand Bros TLB325 Mini Backhoe with Trailer
Various construction tools and miscellaneous equipment
References
BPlans. (2008). [Online]. Available: http://www.bplans.com/sample_business_plans / Construction_and_Engineering_Business_Plans/Formwork_Construction_Business_Plan / Market_Description_fc.cfm.
Classification of building related sitework. (2008). UNIFORMAT II. [Online]. Available: http://www.uniformat.com/classification-of-building-related-sitework.html.
Finkel, G. (1999). The economics of the construction industry. Armonk, NY: M.E. Sharpe.
Law, P. (2008, April 26). With lean times ahead, a positive image is needed. The Birmingham Post (England), 8.
Sebestyen, G. (1998). Construction: Craft to industry. London: E. And FN Spon.
Sample Source(s) Used
References
BPlans. (2008). [Online]. Available: http://www.bplans.com/sample_business_plans / Construction_and_Engineering_Business_Plans/Formwork_Construction_Business_Plan / Market_Description_fc.cfm.
Classification of building related sitework. (2008). UNIFORMAT II. [Online]. Available: http://www.uniformat.com/classification-of-building-related-sitework.html.
Finkel, G. (1999). The economics of the construction industry. Armonk, NY: M.E. Sharpe.
Law, P. (2008, April 26). With lean times ahead, a positive image is needed. The Birmingham Post (England), 8.
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