Looking On The Bright Side of Options

Management of a Construction Company

Since a construction company is involved in the construction of infrastructure projects, such as buildings, bridges, commercial and residential homes, and many more, managing a construction company to achieve a successful business entity entails a multifaceted undertaking that requires the following: common business practices, accounting principles, regional economic conditions and expertise in the building process. For small construction firms, the manager is usually the owner, while in large construction firms, it hires many managers to handle its multifaceted tasks and these managers usually report to the firm’s owner or to the board of directors.

One big management load in overseeing a large, complex construction firm is the managing of its workers, knowing with the fact that the reputation of the company rests a lot on the quality and skills of its workers. Most carpenters, form setters, roofers, tapers, and other types of construction workers actually learn their skills through on-the-job training, so a construction company manager must be able to institute a quality training program, which is an investment in itself but will bring out long-term success for as long as the training is quality standard and sustained. Offering workers with a competitive pay, benefits and incentives, and a safe environment will help keep the workers in the company for a long time, which a manager must see to it that workers are compensated well. Other pertinent duties of the manager include hiring, firing, training, disciplinary implementation and conflict resolution.

For the company to maintain a healthy financial status, the construction company manager must know the skills and expertise of bidding against other construction companies, such that its success compensates the owners and workers, as well as paying dutifully the IRS, and with such a profound responsibility, this task is interlinked with the company’s business office. It is essential that the business office tasks, like bookkeeping and correspondence, should be delegated to another manager for the company manager to devote more of his time to the bidding activity, client, worker duties and job site duties.
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Knowing that the construction business is costly to put up, operate and maintain, a manager must take the responsibility of presenting a business plan for short and long term projects, reflecting the costs and profits before seeking for a venture capital or construction loan, but with a large, construction firm, it is usually the responsibility of the business office to provide the business plan and the general manager goes over the plan and financial needs of the company for him to report this to the owner.
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By understanding fully well the structure of the company and putting importance on the value and function of the chain of command, the general manger provides team leadership, such as appointing supervisors or foreman to oversee the field work and communicate with the manager on the field updates.

Managing clients is learning how to keep clients’ satisfaction, which is a construction company manager’s challenging task, which includes honing his skills in the following: good communication, influencing recommendation on clients on their options; liaison between clients, distributors, retailers and subcontractors, and problem-solving and decision-making skills.

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