The U.S. construction industry has seen significant growth in recent years. With a forecasted compound annual growth rate of 5.2% for the next half-decade, the output for U.S. construction should reach $1,735,526.7 million by 2027. This sustained growth rate will present all sorts of new opportunities for entrepreneurs, particularly those using green building materials or energy-efficient designs.
Breakthroughs in virtual reality, 3D printing, and other construction technology make projects faster and safer than ever before. However, they don’t excuse the need for certain traditional business practices. No matter the innovation, it’s important to conduct operations ethically, focus on quality, and retain talent over time.
Construction Material Supply
Construction material supply companies provide all of the resources necessary for construction projects. Some supply companies sell raw building materials like stone, marble, wood, or sheet metal. Others sell resources like rope, cleaning supplies, or equipment — things construction crews might use while building a project.
If you want to start a construction material supply company, it’s important to find a reliable wholesaler. Find a wholesaler, or direct materials manufacturer, that offers fair prices and a deep inventory catalog. Make sure to partner with a reliable shipping and logistics provider in your construction niche, whether you deliver roofing materials, marble, or safety gear.
Construction Site Management
Construction site managers coordinate the major details of a construction project. They typically oversee daily operations, handle staff employment and performance reviews, and track expenses. Many construction site managers are also responsible for maintaining documentation and upholding compliance with local, state, and federal building laws.
A good construction site manager allows all other staff to function effectively. They conduct safety inspections, manage contractors and subcontractors, and solve a variety of unexpected problems.
You can start a construction site management company by obtaining proper licensure. You’ll generally need proof of proper construction experience, education, and a passing score on a trade exam to obtain the necessary permits. It’s also important to develop meaningful relationships with local contractors and suppliers. These connections can create new opportunities and help you fill gaps at any worksite you oversee.
Construction Site Cleaning
Construction crews can create new buildings, industrial facilities, and infrastructure — but they can also create a mess. Many construction sites need a thorough cleaning during and after the build process, creating opportunities for entrepreneurs who want to start construction site cleaning companies.
Starting a construction site cleaning business can be a lucrative idea, but it also requires careful planning. Like other construction ventures, you will likely need to obtain business and construction permits before you can operate. You will also need to purchase the right cleaning equipment, including pressure washers, cleaning chemicals, and safety gear.
Construction Estimation Services
A construction estimator works with the site to help them identify how much the project will cost. They will examine the project’s scope of work, review labor and resource needs, and identify any potential risks that could increase expenses.
The role of construction estimation is important for any large-scale construction project. It helps construction site managers, control costs and allocate resources effectively. Estimators can also help stakeholders understand cost timelines and time-to-profitability for a particular site.
If you want to start a construction site estimation company, you’ll need to first understand most of the major aspects of a construction site. This includes project timelines, resources, contractor headcounts, and compliance — and the costs associated with each responsibility. You will also need proper licensure and insurance to protect your company from any errors in your estimates.
Construction photographers help managers document progress and specific project details. They capture images that show a project in various stages of planning, design, construction, and post-construction.
A construction photographer plays an important role at any site. They take photos of specific site features, including small details a construction site manager might not otherwise notice. In the event of a lawsuit, a construction site photographer can present their images as evidence of compliance and project completion.
You’ll need a few things if you want to start a construction photography company. Most importantly, you’ll need the right equipment, including lenses, cameras, and tripods. When navigating a live construction site, you will also need a hard hat, close-toed shoes, and high-visibility clothing.
Heavy Equipment Repair
Heavy equipment technicians fulfill a variety of important roles on a worksite. Among other responsibilities, they help repair the vehicles and machinery construction site workers use every day. Employment for heavy equipment repair technicians should grow 6% through 2032, creating an estimated 21,100 job openings each year.
Repairing heavy equipment offers several benefits. You’ll earn a steady income, work with your hands, and spend time outside. You’ll also learn your way around all the machinery a construction site uses, from asphalt pavers to diesel engines.
You’ll need a few construction-specific skills to become a heavy equipment technician or start a repair company. First, you’ll need to learn how to repair construction engines like the Cat C13 engine, Cat C15 engine, and Cummins ISX engine. Repair technicians also need skills in hydraulic systems, troubleshooting, and welding.
Heavy Equipment Rental
To mitigate costs, some construction managers opt to rent, rather than buy, the equipment they use. Heavy equipment rental companies fulfill this need, offering short- or long-term rentals that meet specific project needs.
There are a few things to consider before opening a heavy equipment rental company. First, make sure to do your research into the construction market. Learn how much equipment costs, which equipment is rented most often, and how long construction projects need each piece of equipment. It’s also important to do research into how many companies in your area currently offer heavy equipment rentals.
Heavy equipment rental companies must purchase vehicles and tools before they can rent them out. This often requires a large amount of start-up cash. Make sure your business plan outlines goals, obstacles, and time to profitability. You’ll also need a way to manage your inventory, deliver and collect equipment, and handle any maintenance costs.
Construction projects accrue waste. Between discarded resources, renovations, and chemical waste products, even a single construction site can generate a substantial amount of waste. At current waste creation rates, global construction waste will almost double by 2025, reaching an estimated 2.2 billion tons per year.
Junk removal companies offer a unique service: they will help a worksite manage and remove waste during and after a construction project. Before starting a junk removal company, there are a few priorities to keep in mind.
First, you’ll need a business plan and a pricing strategy. Outline how you will price your junk removal services, where you will operate, and how you will collect and remove waste from each worksite you visit. You’ll also need waste collection vehicles and equipment, including trash receptacles and transportation vehicles. Consider other costs like waste disposal fees, licensure, insurance, fuel, and equipment maintenance.