We know civil engineering is a vast field and has huge opportunities. so based on our experience, we decided to give the top 6 best civil engineering business ideas to start right away.
Note: This article is only for educational purpose and risk is yours. So consult a business analyst before starting any business.
civil engineering business ideas;
The following are the top business ideas among all other businesses in the civil engineering field. So Based on our research we found some of the requirements and these requirements may alter from place to place and person to person.
1. Construction business
The construction industry is the largest contributor of jobs and GDP in India. So there are immense opportunities to do business in this area. If you want to start a construction company it’s a good idea.
In this field there are different contractors for specific works like;
material contractor:
In this field, you can supply materials per square feet to either customer directly that is (BtoC) company or to other contractors(BtoB) company or you can do both. You can charge the amount per square feet Based on your local rates.
Requirements: for material contractors you need at least 5-6 lakhs for buying materials, also you need to have a good space for storing materials.
labour contractor:
Here You have to supply laborers to other building contractors and you can charge an amount per square feet. You will get profits after paying the labor amount.
Requirements: The contractors have to give money to laborers on a daily basis, so be sure to maintain cash for at least 3 months in advance. So it will help in emergency situations.
Building contractor:
Here you have to take materials and labor from other contractors or you can manage both. You can charge an amount per square feet from customers and you will get profits after paying contractors.
Requirements: You need at least 5-10 lakhs investment for starting a career as a building contractor. you have to maintain an office, give salaries to your staff etc..
Read Also: Best civil engineering software list 2020
2. Property development business
In this business, you have to buy houses which are good and ready to sale in the market, after renovation works sell for profitable amount. So you can start right away. But you have to work in the industry for some time to gain experience and to build relationships.
Requirements: You need a good capital amount at the start to buy houses. Also, you need good experienced crew.
Title: Top 6 best civil engineering business ideas
3. Planning and estimation services
Above what we discussed will not necessarily require good technical skills, but If you want to start planning and estimation services on your own, you have to be an expert in this area. And If you don’t have technical skills, hire a separate professional for these skills so that you can manage the business efficiently.
Requirements: The capital amount of at least 3-5 lakhs required for An office space and to hire experienced staff etc.
4. Interior designer
Nowadays people are hiring a separate professional for interior design because interior space has to be utilized and designed perfectly. So you can charge an amount per square feet.
Requirements: It requires up to 5 lakhs of capital investment for office, material, staff and labourers.
Title: Top 6 best civil engineering business ideas
5. Survey services or property services
You have to take a survey of lands, properties, etc. you can charge an amount per hour basis.
Requirements: You need at least 3-5 lakhs for buying equipment, hiring staff, and to rent an office. Also, you need to have good technical skills in software related to this field.
(We already made a separate video on different software you have to learn for respective fields. Click below)
6. Taking contracts for Inspecting the construction work.
Construction inspections are usually performed by the contractors. This requires experienced professionals. Here you have to check the project scope, the budget, and time for the completion. For pricing Check your locality on how much they are charging per project.
Requirements: The capital amount of 1-2 lakhs for office rent, for Hiring well-experienced staff, etc.
Title: Top 6 best civil engineering business ideas
Other requirements:
In prior to all these you have to develop good communication skills and relationships between fellow contractors and also with the customers.
For good reputation, In the starting stages of your company compete with other contractors with price and value.
That means, take fewer commissions for yourself then automatically overall cost will be reduced and provide good value for your customers, so there will be high chances of recommending your company name to other people.
After starting your company, registration has to be done. If you want us to write a separate article on this comment below.
Also you can read an article by fast legal – Click here
