Create Construction company- Spend 20millions

The proposed middle-sized construction company will employ laborers as well as specialists to undertaken various construction projects. The building and construction sector is subdivided into several segments; commercial building, residential building, large infrastructure projects such as roads and bridges. In this case, the proposed company will focus on the development and construction of residential buildings within urban and rural areas. Focusing on a specific niche in the market promotes specialization, (Afolabi, et.al., 2018). For this reason, the company’s employees will have the perfect opportunity to develop their skills hence thus increasing the company’s overall efficiency in the long run. To start operations, the company will hire several skilled and unskilled laborers to undertake various construction duties.

Several factors must be considered before hiring employees and starting operations. First, the company must be registered as per the legal requirements. This will ensure that the name chosen for the company is not registered by a different company in the country. Another factor that must be considered is the availability of operational space. The company requires a facility that can serve as the office as well as the headquarters. For this reason, a strategic location that is close to the prospective clients, as well as necessary resources and infrastructure, must be identified, (Spender, et.al., 2017). Rather than purchase a facility to serve as the headquarters, the company will lease an office space as well as a warehouse. Employees and equipment required can be hired and purchased respectively as soon as a suitable company location is identified. Below is a breakdown of the company’s workforce.

Employees Required

The finance manager will oversee all of the company's transactions. Civil engineers and architects are very important to ensure the projects undertaken by the company meet the required standards in the county. Masons will undertake brick and mortar construction duties while plumber and electricians will fit the electrical lines and pipes in the buildings. Framers will be tasked with installing door and window frames as well as other cabinets needed in the buildings. Carpenters will be tasked with making all wooden appliances such as cabinets and doors. Two glaziers employed by the company will be responsible for glass-fitting on all windows and doors in the constructed houses. Drivers will facilitate the movement of company staff and equipment from one place to the other. The company's director will be the overall manager responsible for monitoring all operations and projects.

The company will also acquire several types of equipment to promote service delivery. This will include company vehicles, masonry tools, plumbing tools, and many more. The estimated costs of these items as well as the operational costs for the next six months are presented below.

In conclusion, the allocated sum of 20 million dollars is enough to start a mi-sized construction company that will mainly focus on developing and constructing residential buildings. The capital allocated to the company is sufficient to sustain company operations for 6 months. The company estimates that the operational costs will decline after six months. Also, the company will have started earning some revenues by the end of the fifth month. A contractual approach will not be utilized to avoid inflated operational costs.