Construction is big business, often quite literally. The construction industry is all about growing your business. A hiring a company that is properly regulated though possibly more expensive can be the difference between a new building that is perfect and ready to use and a muddy hole in the ground that is still waiting for work to be done. Construction companies are very heavily regulated because there is so much that can go wrong with the building industry. From the workers at ground level, to the person that buys the building from you 10 years down the line everyone needs to know that safety regulations have been followed and that this building will work for the intended function and location.In Australia each state has its own laws regarding construction companies, though there is no central federal level governing body for construction companies usually their regulation is dealt with at a local city and county level. For example in South Australia it is the Office of Consumer and Business affairs that is responsible for overseeing building regulations and codes, whereas in the government of Western Australia it is Occupational Safety and Health (OSH) office who is responsible for building regulations. It is best to contact local authorities to ask about regulating bodies in your state before hiring anyone so that you can double check their licensing before work begins.There are many people involved in construction, though not all are part of the construction company. Architects for example have their own governing bodies and separate insurance than that of the construction companies. Though this will be a different body per area their aim is the same so considering the OSH in regards to Western Australia will be our example. The Occupational Safety and Health office is in charge of making sure that everyone stays safe. They regulate everything from material handling, to the required clothing that construction crews must wear so that there will be as few accidents as possible. OSH also has to approve of the building plans if it is a commercial building so that once the construction has finished the new owners will also be up to their codes for their employee safety as well.As well as legal bodies there are also trade agencies that will show the quality of a construction company. Trade agencies have strict rules as to who is allowed to join as a member and a company that does not meet the requirements will not be able to display their affiliation. A trade association membership is an extra guarantee that the construction company is going to do a good job. For example the Housing Industry Association is just that. An association such as the HIA serves both its members and the public at large. They also provide a third party testing of many construction materials and products to ensure the quality and safety used in your construction project will be built to last.Making sure construction companies are regulated properly can be a case of life or death for both the construction workers and the future building occupants. Regulations help protect life and property alike and though accidents may still happen a construction company that does its best to follow all rules and regulations will have a record of safety and success as well as a full complement of professional associations to show off the high standards they hold themselves to. Construction companies need regulations, but they also need to follow them and you can always double check this with reviews or a business organization, such as the Australian Competition and Consumer Commission to ensure your company is worth the money.
Do you have experience in the field of general contracting? Have you ever worked on a building construction site? Do you have many contacts in the construction industry? If so, then there is a great way for you to put these contacts and experience to work for you.You will start an extensive directory of local or statewide employers in the construction industry. You can post them on a website and let your customers pay a fee to access the directory. You will need to keep it completely up to date at all times. This will allow people with experience in the construction industry, no matter what their specialty is, to find an employer. This will also aid people when they decide to relocate and want to find a job in their field of expertise in a new location.For an additional fee, you can keep track of which positions that these construction companies are trying to fill, also include any intern positions that are available to people who are trying to break into the construction industry. You can easily find out what positions are available by scouring newspapers and job search sites. You should also call construction companies, big and small, and let them know that you are trying to help them fill their positions. Find out what kind of help they need, the level of experience they would prefer, and find out if they know others in the construction field who are also looking for help. Most general contractors also maintain a personal network of specialty contractors in their area who they refer clients to. Ask them for information on these contacts. Most will happily give you this information.Remember that people in the general population often need work performed for their home or small business and will want to find a reputable person or business to perform this work. Your directory service would be an invaluable resource for them as well.You can also allow people who access your site to add their names and contact information so that businesses in the construction industry who are looking for people to fill their positions can find them easily. This will do two things. It will encourage people who are looking for jobs to continue their subscriptions to your directory service. The second benefit of having this additional directory, is that businesses in the construction field will happily provide you with their personnel needs to add to your directory and they will also let you know about additional construction jobs that may be coming on the horizon. By creating directories that benefit both potential employees and potential employers, you will create a pool of persons who not only return to your site frequently but also refer others in their field.Remember that there are many kinds of construction jobs. Allow your customers to search your database by the type of construction job and by location. Here is a sample list of the types of jobs that you will want to help construction companies fill:- Electrical- Drywall- Masonry- Site managers- Plastering- Paving- Roofing- Demolition- Excavation- HVAC- Painting- Framing- Dredging- Landscaping- Plumbing- Flooring- Drilling- Insulation- Carpentry- Restoration
Do you know if your business is a good candidate for invoice factoring services? The reality is that a business in almost any industry that creates a business-to-business invoice for a service or a product delivered is a good candidate for factoring. In fact, the industries that can participate in factoring vary. We have all heard of construction factoring.The construction industry is one of several sectors that can benefit tremendously from invoice factoring. No longer is the sub-contractor, or construction company, required to wait for payment before starting on the next phase of a project, or begin construction on a new project.Accounts receivable factoring allows the sub-contractor or construction firm to realize a quick turnaround – sometimes within 24 hours – on accounts receivable due for completed stages of a construction project. With construction invoice factoring, the construction company, or sub-contractor, can be paid virtually overnight for these accounts receivable, thus speeding up cash flow and improving the company’s ability to begin the next phase of construction.Very few factoring companies offer construction factoring…in fact, it is easy to get the cash you need without any lengthy and aggravating lending process. So, if you, or your construction firm is interested, or in need of, short term financing against completed construction jobs, or desires immediate payment for finished project stages, look for a reputable factor online by using the key words “construction factoring.” Immediate working capital is available immediately.Why is credit so important to a small business owner today? Lenders evaluate a number of credit factors when a potential borrower comes knocking. It is known as resource management, a prime consideration when a lender is granting (or not) a loan. What this means is that you as an entrepreneur, along with any business partners, are capable of managing the business’s resources.Most lenders will look at working capital, debt to worth, and the rate at which income is received after you earn it. Also factors include the rate at which debt is paid after its due, as well as how fast your company moves products and or services out to your customers.This is where invoice factoring comes in as a tool to assist your small business in building credit and good resource management. Let’s say you have invoices outstanding that are due in both 60 days, and 90 days. But you have bills that must be paid this month, employees to pay, and new materials and supplies to buy for production.Factoring is just another smart way for almost any business to manage your money, and therefore establish better credit. Factoring companies will simply take a look at your customers’ credit – not yours – and can pay within as little as 24 hours.There are other good candidates for factoring include medical, or trucking, from they could be janitorial to biotech. They could be start-up companies or companies in the midst of a growth spurt.