Loima Construction Company

This article provides an overview of Loima Construction Company, a specialized construction company in the buildings sector. It discusses the company's profile, activities, innovation, and entrepreneurial activities. It also explores the value created by the company, its growth process, and the personal contact of Dr. Onchego Loima, the owner. The article highlights the company's source of finance, the importance of communication and negotiations, and concludes with a reflection on the experiences gained from working on the TMA.

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Loima Construction Company
Name
Institution

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Company Profile and activities.
A construction company is one that pulls together all the required resources and
machinery to facilitate construction of infrastructure. Loima is a specialized company in the
buildings sectors that source for and sub-contracts contracts to suitable contractors who will in
turn carry out the construction of the buildings depending on the company’s specification
(Bildsten & Manley, 2015). Clients make the specifications and payments to the company for the
projects they want to undertake. The company after the contractor finishes his works assesses the
quality of the work done and ensure what they deliver to its customers is equivalent to their
needs.
Justification
Loima Construction Company is owned by Dr. Onchego Loima who happens to my
uncle. I once worked in the company as volunteer an aspect that made me gave me accesses to
understand most of the activities that take place within the company offices, finance records,
field work activities and assessment of delivered work by contractors. I handled most of the
company affairs since I served in the supervisory team. In absentia of Dr. Onchego, I would
foresee all the dealings taking place and take part in all managerial duties of signing contracts for
the clients who would wish to have their houses built by the company.
Innovation and entrepreniual activities

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The company having gained trust from its customers due to good quality work delivered
to them, it has gained a reputable status throughout the locality. In the recent past the company
has started venturing into the real estate industry. It buys land around major towns since that is
where most individuals purchase private homes (Le Breton & Aggeri, 2018). The company then
builds modern houses at its own expense then through continuous advertisement, interested
buyers are attracted an aspect that leads to the company selling the houses at double price of the
land and construction purchase cost. Many of the people who buy the houses associated with this
company after a study to find out whether they think they lost their money to a non-prime
property suggest that they have found the best quality houses around (Schwartzman and Sanchez,
2016). These good customer relations have led a higher demand of such houses around the cities
an aspect that has put the company in constant pressure to acquire more land and undertake the
projects which are later rolled out to the customers.
The company has also begun purchasing apartments within the city and neighboring
towns. With an aim of venturing into the housing sector, the company reconstructing poorly
constructed houses and renovating the ones that are constructed as per the rules and regulations
but in poor state. A number of houses have already been bought. Renovation and renting has
been done in some of the apartments and the tenants pay the company monthly dues (Pretti &
Vieira, 2016). In future the companies aim is to have an entire location littered with houses
belonging to it and millions of tenants who enjoy the services of the company. Dr.Onchego has
now fully hired individuals to take care of the business side of the company as he works on new
innovation strategies.

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Venture created value
Economically the venture is making dramatic changes in the lives of stakeholders. This is
because the employees of the company get paid as well as given tokens of appreciation whenever
they undertake impressive steps not necessarily to excite the boss but with the determination and
betterment of the company. Employment has been provided in different capacities beginning
from the management who ran the affairs of the company to the many caretakers who are
allocated in the many apartments to cater for the needs of the tenants (Tamer,Yoon & Hastak,
2012). This company is economically viable to the government since it takes part in funding
projects to help the needy in the society and pays tax dues without dodging.
Socially the venture is impacting customer’s lives majorly by changing their status quo.
This is evident in the services offered such as building for customers who get in touch with the
company and the latest involvement in the real estate business where people buy houses in
various ways provided by the company e.g. monthly installments until completion, hire purchase,
cash payment based on the agreement between the buyer and the company. Zhang, Nasir &
Haas, (2017) connotes that the company also fosters unity among the people because its real
estate initiatives involves putting together between 10-20 houses in a gated community where the
members interact freely without limitations. On purchase of a house by a new customer, the
company notifies the residents of the gated community that they have a new member an aspect
that has made it possible for people to embrace each other. The transparency in the company’s
dealings inculcates a sense of accountability and honesty to the customers and all the
stakeholders.

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Environmentally the company is making relevant impact. This is because deserted areas
around the city have been reclaimed; purchased and residential homes have been built in these
places. The poorly constructed houses which pose a threat people have been bought demolished
and re established based on the legal requirements (Willis, 2012). The company also takes an
initiative to plant trees l in any newly acquired land that is bare an aspect that reduces the
chances of global warming which is a great threat to all the people. In inaccessible areas where
real estate’s are located, the company takes an initiative of making a marram road in a bid to
make the area accessible.
Growth process
Loima Construction Company started as a small organization of young unemployed men
under the leadership of Onchego. Since Onchego was a respected person in the locality because
of his academic qualifications, he would source for employment in construction sites, negotiate
the payments and then from there he would be allowed to supply manual laborers whom he will
personally pay in the evenings (You & Wu, 2019). Doing this work he saved some money and
the idea of starting an own construction company started. He started the company by befriending
a well known contractor who accepted all the give sub contracts. The company managed to
survive the hardships and finally stood on its own. The company managed to sub contract huge
contracts in which it got enough money to start offices, employ people and attract customers.
From the trust gained from the customers the company has been able to witness
tremendous change in its financial status. This financial stability has made it possible for the
company to venture into other entrepreneual activities. It is currently making a lot of money from

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the real estate sector where over 150 houses worth millions of money are sold annually. The
recent venture of buying houses, renovating them and renting them out has been another
dynamic step to acquisition of uncommon wealth for the company (Bhattacharya, Momaya &
Iyer, 2012). The aim of the company in future is having an entire location full of its own houses
which are fully occupied by tenants who will continuously pay dues to the company. This aspect
tells that the company is still to grow to national and international levels in the future. The
company’s transparency has also given it a special place in the lives of many customers an aspect
that has seen continued advertisement that saw to over 50 houses being sold to customers who
have been introduced by other customers.
Personal contact
Dr. Onchego Loima is a well known person for his explicit appearance in public. All over
the locality where the business started, he has gained good reputation first because of his
academic excellence that made the locals to respect him so much. He believes in a group success
an aspect that has always made him eager to learn and empower others. This is evident by the
fact that he sourced for employment in the construction sits not for himself alone but for his
unemployed fellows (Paredes & Wheatley, 2018). Being a business oriented person he saved
money to start up own enterprise. His honesty has also played a major role in winning customers
to his company compared to his counterparts who are at times involved in money scandals.
Finance source and importance.

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Loima constructions source of finance is the business side of the company. The company
sub contracts the construction work given to them at lower prices so as to gain profit as they
work as intermediaries between the client and the builder. The company also sells house from its
current real estate business where it acquires a lot of money (Ravanshadnia, Rajaie & Abbasian,
2010). The company has also of late ventured into the landlordism sector where there is cash
flow throughout. The importance of this money is that it pays all the company employees,
expands the venture into more businesses, enhances continuity of the company’s activities and
finally profits the sole proprietor.
Communication and negotiations
Communication is a vital element for the success of any entrepreneur. This is because
customers will always intent to get services or commodities at the lowest prices ever. If therefore
an entrepreneur isn’t able to communicate effectively then incurring losses will be inevitable.
Good communication skills always set things right in an organization (Isik, Arditi, Dikmen &
Birgonul, 2010). Negotiation on the other hand helps to ensure the customer is not taken
advantage of. Both must work hard in hand so as to ensure none of the stakeholder’s losses
money unaware.
Reflection
Working on my TMA has exposed me to experiences that are related to my area of
specialization. For instance I have gained knowledge of growing an entrepreneurship. This is
achieved through allowing others to input their strengths and ideas into the business as evident

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by the way Dr. Onchego surrendered the business side of the company to the management and he
remained at the innovation side an aspect that has seen tremendous growth in their firm.
Appreciation and enumeration helps to put workers on a standby step and ready to fight for the
betterment of the company.
Customer relations are one aspect that brings to an entrepreneurship tremendous success.
As evident from Loima construction, the company has been able to make dynamic steps because
its customers advertised it. The advertisement has been hard earned by the company because it
worked tirelessly to provide top quality services for its customers. Communication is another
vital role that has to be practiced by anyone who works in a company. Communication helps to
put all things in order because each and every person knows what to do and when to do it and
with whom. Room for negotiations should always been allowed so as to minimize losses related
to reaching a dead end.

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References
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