College - Author 1
College of Architecture and Environmental Design
Department - Author 1
Construction Management Department
Degree Name - Author 1
BS in Construction Management
Date
12-2022
Primary Advisor/Subject Matter Expert (SME)
Thomas Kommer, College of Architecture and Environmental Design, Construction Management Department
Abstract/Summary
The construction industry is one that has been lucrative yet difficult to navigate at times. Companies must continually adapt to potential changes in the market and shifting consumer demands while ensuring that their core business ideologies are not abandoned. For these reasons, many construction companies have found that being flexible in the work they do proves to give consistent results for their businesses. One way to change business models is to pursue real estate development. Its lucrative rewards prove a great additional revenue stream. This project aims to provide insight, via a business plan, as to how a construction company may enter real estate development. It breaks down three different case study companies at various stages of pursuing real estate development through semi-structured interviews. The creation of this mock business plan has shed light on the important characteristics shared between these three companies; their specialization in the type of work they pursue, and the importance of being able to self-perform work. Each section of the business plan details specific features of each company. It highlights both their similarities and differences in practice, ultimately creating the foundation for a construction company looking to enter real estate development.
URL: https://digitalcommons.calpoly.edu/cmsp/740
Poster Board