Sitework construction methods and practices

Business Plan: Drew Construction Co., Inc.

Business Plan for Drew Construction Co., Inc.

Drew Construction Co., Inc. (hereinafter "Drew Construction" or alternatively, "the company") is a sitework construction company specializing in the installation of various materials, products, utilities and accessories required to satisfy various building codes and municipal regulations concerning residential, government and commercial structure safety and operations. The types of services to be provided by the company include roadway construction, underground utilities such as storm drainage, sanitary sewer, water mains, reuse mains, force mains, fire mains, etc.

Mission and Vision.

The mission of Drew Construction is to provide its customers with the best quality service possible on a consistent basis. It is the vision of the company's founders to become the leading site work construction company in the state.

Company Summary.

Drew Construction will initially be established as a de facto corporation doing business throughout the state; the company will subsequently be formally incorporated as a de jure corporation with the Secretary of State as the company becomes financially viable and its workforce expands.

Services.

Drew Construction intends to provide a wide range of building-related sitework including site preparation as well as the requisite site clearing services. The classifications of the building- related sitework typically performed by the company are set forth in ASTM UNIFORMAT Standard 1557 E. As shown in Table 1 below.

Table 1.

Classification of building-related sitework services provided by Drew Construction Co., Inc.

Major Elements

Group Elements

Individual Elements

G. Building sitework

G10 Site preparation

G1010 Site clearing

G1020 Site demolitions & relocations

G1030 Site earthwork

G1040 Hazardous waste remediation

G20 Site improvements

G2010 Roadways

G2020 Parking lots

G2030 Pedestrian paving

G2040 Site development

G2050 Landscaping

G30 Site civil/mechanical utilities

G3010 Water supply & distribution systems

G3020 Sanitary sewer systems

G3030 Storm sewer systems

G3040 Heating distribution

G3050 Cooling distribution

G3060 Fuel distribution

G3070 Other civil/mechanical utilities

G40 Site electrical utilities

G4010 Electrical distribution

G4020 Exterior lighting

G4030 Exterior communications & security

G4040 Other electrical utilities

G50 Other site construction

G5010 Service tunnels

G5020 Other site systems & equipment

Source: Classification of building related sitework, ASTM UNIFORMAT II (E1557-97), 2008.

The UNIFORMAT II standard descriptions were developed by the National Institute of Standards and Technology in order to define six major "groups of products" used in the construction industry (Sebestyen, 1998).

Market Description

The region in which the company intends to operate is experiencing healthy growth which is reflective of the construction industry nationwide. 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.