Discuss aboute the Market of Smith Construction Company.
Smith Construction Company is founded by John Smith, who worked in Georgia Highway Department where they started the plastering with the largest subdivisions that are set in US. The company is able to work on rolling around with the deep forms of the building rooms over from the post-World War II. It includes the renovations of the GA Power Office, General Electric Plant Construction, Church Renovations, Retail Stores, Bank Construction and Renovation, Physicians Office Construction. (Power et al., 2016). The safety values are implied with the accident free goals, facing the accountability, saving the environment for everyone. The company also indulges with the employees to understand about the safety with the training of the new and the proper employee policies and federal OSHA regulations, where there is a possibility to strive for safety.
Smith Development and Construction Company was formed mainly through the merger. With this, the company has been able to cover the different operations with commercial and the residential development forms. The company includes the different developments where Hegseth Development has been able to build up the reputation for being the finest customised homebuilder in Sacramento. The customised homes are for the working and holding a proper recognition of their development in the good market conditions. As per the precise control measures, there are certain in-house designs, self-performed trading and the forensic estimation. The tight controlled finances and management affect the working and the management at Smith DCC where there is a need of continued motivation and success driven attitude of the people which would lead anyone to the top of the market. (Katzenbach et al., 2015).
This includes the structure of the company where there is CEO and the managers, team and the construction team to handle the working.
Company mission and vision
The company focus on the commitment, innovation and the integrity where the major focus is on the strengthening of the fabric of communities with the other trusted construction services. The big goal is to achieve the best firm in the state where the annual revenues are set through the high rises in the state. Here, the Smith Group is able to work on the known and the respected form of the state for providing with the better and the reliable construction service. It will also maximise the future growth and the commitments that involve the safety, quality and the innovative technology. (Coggio et al., 2016).
Smith Construction company focus on the respected speciality construction firm where there are high standards of excellence and innovation for meeting the client’s requirement. The building of the sound business and the stronger communities helps in providing with the personal, professional and the better spiritual fulfillment.
Strength & Weakness
The weakness of the company is:
- The uncontrollable growth without any setup of the infrastructure support.
- The employee’s strength and the calibre is found to be limited
- There is a lack of the integrated standard for the systems.
- The lack in the diversification for the client base
- There is lack of the defined goal patterns as well.
The weakness is based on the factor which includes some internal controls, lack of the defined patterns, or the strategic planning and the goals setting. (Mullan et al., 2015). Through this, there are new markets and the poor training programs with project management depth and the quality control. The quality hires and the shortage of the great people leads to the lack of the experienced people, with the ability to react to the increased manpower that works on the positions of the projects of supervision and estimation.
The strength of the company is measured mainly through:
- The financial standards
Here, the level is set to meet the higher level of the staff and management where there is a possibility of setting the strong upper level management, with the debt free facilities, existing client relationships. Here, there is a possibility to include the backlog of work, opportunity to make the strong hiring and handling the overall personal experience. (Smith, 2017). With this, the subcontractor relationship and tracking the records is considered better for Smith construction.
Components of company
Smith Construction focus on delivering the projects to meet the demands of the customers. For this, there are proper schedules and the expectations which needs to be met for the customers. This also applies to the construction management, with the general construction to design and build the proper safety control, project management, with critical path method of scheduling. It includes the multi-faceted value engineering methods, customer involved planning and budgeting as well. (Katzenbach et al., 2015). The projects supported by the company includes the preconstruction, construction and post construction where there are certain cost estimates including the value engineering methods as well. The administering of the jobsite safety programs and the quality control programs will help in easy submission of the operation manuals.
The breakeven analysis is based on the average of the monthly costs which is based on the historical figures with the average price and the product. The estimates are based on the experience where there is a wide range of projects to handle the accuracy. The average f the variable costs are based on the variable industry standards. With the setup of the best revenues and the costs, there are current market trends with past performance and perceived revenues to target the new market. Here, the check is on the overall profit with the cost on paying a higher labour cost with the setup of overall revenues to exert a pressure on the contracting market.
With this, the major focus should be on the consistency in quality construction, continuity and the high-level set for the quality customer satisfaction. (Power et al., 2016). This would lead to innovation and the integrity set with the better service to the clients. The achievements are based on measuring the customer satisfaction and involvement of community needs which will help in producing a better output with the fare costs of the delivery products.
Coggio, W.D., Huizinga, J.S., Steiner, M.L., Watkins, R.F., Hao, E., Kolb, W.B., Zhu, P., Free, M.B., Kolb, B.U., Chen-Ho, K. and Humpal, P.E., 2016. Retroreflecting optical construction. U.S. Patent 9,291,752.
Katzenbach, J.R. and Smith, D.K., 2015. The wisdom of teams: Creating the high-performance organization. Harvard Business Review Press.
Mullan, B., Smith, L., Sainsbury, K., Allom, V., Paterson, H. and Lopez, A.L., 2015. Active behaviour change safety interventions in the construction industry: A systematic review. Safety science, 79, pp.139-148.
Power, M., Newell, P., Baker, L., Bulkeley, H., Kirshner, J. and Smith, A., 2016. The political economy of energy transitions in Mozambique and South Africa: The role of the Rising Powers. Energy Research & Social Science, 17, pp.10-19.
Smith, K.W., 2017. KWSnet Construction/Building Index.