Roadways Construction Business Startup Guide
Starting a roadway construction business means securing substantial capital for heavy equipment needed for the work. It also means making decisions like what type of company you should be.
Read from our guide about some essential considerations that you need to think over before starting your own roadway construction business.
A roadway construction business is capital-intensive, especially if the company plans to own dump trucks, pavers, rollers, motor vehicles, cranes, mechanized equipment, and aerial lifts. If you are planning to start a roadway construction business, the question on top of your head when you do your business plan will most likely be how many of these you should have. Indeed, determining the size of this type of company is one of the most crucial decisions a business owner would have to make.
Roadway Construction Business - Size and Type
What type of company would you be? A large one or small but specialized? Large companies, with their fleet of vehicles and numerous employees, are preferred by contractors for large projects like interstate highways and development roadways for major subdivisions. You can offer a full service, including project design, land surveying, and construction management. On the other hand, as a specialized roadway construction firm, you can focus on building roads, paveway, driveways, and parking lots for small commercial and residential projects. An advantage of being a small company is working closely with clients and building a solid relationship with them.
But whether you are a large or a small company, it remains true that a good reputation is your best asset.
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- Ensure that you do your job well from beginning to end
- Aside from doing your job right, see to it that you finish on time and within budget
- After the project is completed, make a follow-up to see whether your client’s every specification was met
- While work is in progress, minimize its negative impact on the community, especially motorists. Put measures to minimize disruption to traffic. This proves that you are a company with a good project management strategy.
Roadway Construction Business – Safety Issues
A good part of running a roadway construction business is ensuring the safety of workers, by-passers, and motorists. You must have a safety program to minimize the risk of on-site injury, worker death, and passing vehicle accidents. Injury and death by workers could arise from electrocution, slips, and falloffs. You must have electrical hazard and fall protection for workers, work zone traffic control, and implements to warn motorists of roadway hazards about ongoing construction. To protect your business from financial damages that could arise from these risks, you would have to consider taking liability insurance for your business seriously.
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@Barbara L, Hi, Barbara, I am Ishan Shaw, I have my own construction house in India. I have lots of Government projects. would be glad, if you show your interest and work with me. do e-mail @ ishan_shaw2009@rediffmail.com
ishan_shaw2009@rediffmail.com || Call Center Business Consultant