The greatest risk associated with pipelines is the unauthorized excavation and subsequent direct contact, which can result in a serious hazardous situation. Private homeowners, public contractors and anyone disturbing the ground should use this service to locate buried utility lines in order to reduce the risk of personal injury and property damage.
An excavation crew is necessary for any new job site. Running your own construction excavating company requires the proper equipment, financing, business licensing and professional licensing. Register the Business All businesses are registered with the secretary of state in the state where the business is conducted.
Go to the secretary of state website and perform a name search for your desired business name. Names must be unique and not compete with any other business.
Upon approval, go the IRS website to obtain a tax identification number. This is required for all business owners to run payroll, open bank accounts and obtain any type of credit. Insurance and Bonds Check with your state and local city building department regarding the requirements for insurance and bonds.
As you acquire equipment, make sure the policy covers business property against loss including accidents and vandalism. You may be required to obtain a surety bond by the state. Surety bonds protect your clients from a loss, similar to insurance except the claim amount is expected to be repaid by the business.
If you have employees, you also need workers' compensation. Develop a Business Plan To run the company, you need to know how you to achieve your goals.
Write a business plan starting with your vision the mission of your company. Develop a management team that shows an ability to execute. Outline a marketing plan and include a startup budget and annual projected financial statement for five years.
Include the types of projects you will bid on, the types of companies you will partner withm and the size of the company with total employees. Purchase the most frequently used excavators you need to start with and rent any larger or less frequently used machines as needed.
Mini excavators can complete most smaller, residential jobs. Look at financing options with heavy equipment sellers and leasing options. You'll also need to own or rent a truck that can transport your heavy equipment to job sites. Funding the Business Aside from financing heavy equipment, there are other costs associated with an excavation company.
There are the administrative costs for business licensing, insurance and basic leasing, contracts and payroll services. Marketing and advertising are also required. Your business plan should outline an overall budget.
If you are unable to finance this personally, visit the local Small Business Administration office and meet with a counselor. After reviewing your plan, he can pair you with local bank partners that offer SBA loans. Proper Commercial Licensing Check with your local building contractor association to learn which licenses are required.
Permits are usually required for any job so you or the job site manager are responsible for obtaining proper permits.
R&R Excavating is a professional, highly skilled, innovative company with experienced staff to execute your site development plan from beginning to end. Dec 18, · Talking to my friends that are in the business said if they sold everything they own they still would be in debt. Most of them would be over grand. Jun 28, · Also, I plan to advertise via word of mouth (farming community will hopefully pass my name around) and for the surrounding towns (one of which has a pop of nearly ,) I will probably take out a add in the phone book depending on cost and my sisters fiancé is good at making websites.
Most states require only a driver's license to operate an excavator, although operating large equipment may require a commercial driver's license. Transporting the heavy equipment often requires a truck with a driver who has a commercial driver's license.
Marketing and Networking One of the best ways to build your client base is to partner with general contractors and other contractors.
As a specialized niche, your services complement the needs of other contractors and landscapers. Things Needed Business plan Tip Consider renting excavation equipment, dump trucks and trailers by the day or renting them with an option to buy before you purchase your own equipment.
Warning Before investing in heavy equipment and dump trucks, know how much business you would have to bill each month to break even.
Only then do you begin to make a profit.Nov 29, · Hello to all. I am a newbie on this site and I have a few questions for all of you experienced diiggers.
I am looking to get into the backhoe business with my own dump truck, trailer and backhoe. Call American Construction Co, Inc to speak to a general contractor in Mountain Home, AR. We have the expertise needed to handle any size project.
We are a commercial & residential material supplier & site contractor. Services include: trucking, excavating, site development & utility installation. We are also a supplier and delivery: stone, gravel, topsoil & sand. R&R Excavating is a professional, highly skilled, innovative company with experienced staff to execute your site development plan from beginning to end.
Fosse Commercial Contractors construction business plan executive summary. Fosse Commercial Contractors, an established general contractor, plans expansion, changing target markets from residential to commercial building projects.
DIVISION OF ECONOMIC DEVELOPMENT BUSINESS REGULATORY DEPARTMENT NAVAJO BUSINESS OPPORTUNITY ACT SOURCE LIST - CERTIFIED NAVAJO BUSINESSES The Navajo Nation Business Opportunity Source Li st is updated on a monthly basis, pursuant to Navajo.