Detailed Report on Smith Construction Company's Business Operations

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This report provides a comprehensive analysis of Smith Construction Company, a medium-sized construction firm operating in the Southern US. The report begins with an executive summary highlighting the company's focus on general contracting, construction management, and design-build services for both private and public clients. It delves into the company's history, founded in 1954, and its primary markets, including general construction, manufacturing, and environmental construction. The report details the company's services, emphasizing its commitment to high-quality jobs, safety, and long-term client relationships. The report further examines the company's structure, mission, vision, strengths, and weaknesses. The strengths include financial standards, leadership, and reputation, while weaknesses encompass uncontrollable growth and lack of integrated systems. The report also explores the components of the company, including project management, safety programs, and cost estimation methods. The conclusion emphasizes the importance of consistency in quality construction and customer satisfaction. References to supporting literature are included.
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Executive Summary
The company chosen is a medium sized construction company, named as Smith Construction
company which is one of the most competent and the commercially privately-owned contractor
company in Southern US. The company offers the general contracting with construction
management and then designing or building the services for the private and the public clients.
Through this, the company has been able to handle the competition and the completion of jobs
on time with the remarkable service. This includes the 100% safety records that are dedicated
with the different people like the building structures and the long-term relationships with the
clients and other trading contractors. The company was founded in 1954, which holds the
primary markets including the general construction, manufacturing and the environmental
construction. The services offered by the company mainly include the designing and the building
where 75% of the work comes from the other repeated clients.
The company strives to aim for the high-quality jobs with the better performance for the clients,
where there is a possibility to maintain the safe atmosphere on the project site. The main aim of
the company is to provide the best and suitable living space for the people where there is also a
low-cost consumption and optimisation with the use of proper natural resources. With this, there
is a major impact on providing a greater value for the clients where the company consists of the
different architects, team and a contractor. The market of the construction company is based on
the different opportunities with the demand of houses in the different areas.
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Contents
Executive Summary.........................................................................................................................1
Introduction......................................................................................................................................3
Company Information......................................................................................................................3
Structure.......................................................................................................................................4
Company mission and vision.......................................................................................................4
Strength & Weakness......................................................................................................................5
Components of company.................................................................................................................6
Conclusion.......................................................................................................................................8
References........................................................................................................................................9
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Introduction
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.
Company Information
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).
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Structure
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
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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:
a. The uncontrollable growth without any setup of the infrastructure support.
b. The employee’s strength and the calibre is found to be limited
c. There is a lack of the integrated standard for the systems.
d. The lack in the diversification for the client base
e. 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:
a. The financial standards
b. Leadership
c. Reputation
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
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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.
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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.
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Conclusion
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.
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References
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.
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