The Ultimate Template Kit to Help You Start, Run and Grow Your Business Like a Pro.
Since 2001, Biztree has helped over 12,000,000 entrepreneurs, business owners, executives and managers to start, run and grow their business more efficiently.
Some examples of new technology used in the industry include geographical information systems (GIS), Building Information Modeling (BIM) and laser scanning, telematics, and drones.
Major construction companies in the US include Fluor, Bechtel, and The Turner Corporation.
These drivers include: Funding – Federal, State, and Local governments fund a variety of construction projects, namely infrastructure projects and municipal projects.
As such, the industry benefits when more government funding is available.
We’ll start with key Construction industry fundamentals like how big the market is, what the key segments are, and how revenues and profits are generated.
Then we’ll discuss keys to not only starting a Construction business, but succeeding in it!
Wages – Wages are a significant expense for construction businesses, averaging approximately 27% of revenue.
Purchases – Purchases, which include tools, equipment, and input materials, are the largest expense for construction companies.