In any case, getting a contractor license in your state is the next step to becoming a concrete contractor. A prospective contractor must be at least 18 and have between two and four years experience. Financial statements will be required to prove the financial viability of your company. Additional requirements vary from one state to the next, including a written exam, criminal screening, and a posted bond. Remember that licenses must be renewed each year.
Now that we have the necessary qualifications, we can now cover the steps required to get a concrete contracting company off the ground.
Your business plan will outline the structure of your company and what jobs you are going do. Do you plan to concentrate on mixed concrete, or other types of installations? Do you plan to go residential, commercial, or industrial? Which region will you be serving? This is particularly important for smaller businesses to ensure that you don’t reach too far too soon.
Also, you need to determine your pricing structure. Are you charging fixed rates per job or hourly? Also, you should know how much profit you require each year to keep your business afloat so that you can determine the minimum number of jobs you will need.
Although we have already discussed the need for your own contractor license, any contracting company will need to obtain a license from the appropriate county, city, or state as well as register with state government. Before you can start your business, you will need to have the following types of insurance: