Short Course on Construction – Covering The Basics
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. In a small construction company, the manager is more likely the owner, but in large construction firms, it hires more than one manager to handle the multifaceted tasks and who reports to the 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. Since most construction workers, like carpenters, form setters, roofers, tapers, and other types learn their crafts through on-the-job training, it is imperative for the construction company manager to see to it that a quality training program must be instituted, an investment for the company but should expect long-term success for as long as the training is of quality standard and sustainable. 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. The construction company manager’s job also covers hiring, firing, training, disciplinary implementation and conflict resolution. Perhaps, the most engrossing task of a construction company manager is entering the company into the bidding process against other construction companies and the success of the bidding translates to compensating well the owner and the workers, as well as paying back the shared earnings to the IRS, the responsibility of which is also interrelated to the business office. BY delegating the business office tasks, such as bookkeeping and correspondence, to another manager, the company manager is allowed to devote more time to his major duties, such as the bidding activity, client, worker duties and job site duties.
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Due to the fact that the construction business is an expensive business venture, 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; however, 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.