3:I[5613,[],""]
5:I[1778,[],""]
4:["slug","small-office-building-construction-financial-model-example-2","d"]
0:["qLPe30ANfwciuEvSw8ys9",[[["",{"children":["industries",{"children":["construction",{"children":[["slug","small-office-building-construction-financial-model-example-2","d"],{"children":["__PAGE__?{\"slug\":\"small-office-building-construction-financial-model-example-2\"}",{}]}]}]}]},"$undefined","$undefined",true],["",{"children":["industries",{"children":["construction",{"children":[["slug","small-office-building-construction-financial-model-example-2","d"],{"children":["__PAGE__",{},["$L1","$L2",null]]},["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children","industries","children","construction","children","$4","children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","notFoundStyles":"$undefined","styles":[["$","link","0",{"rel":"stylesheet","href":"/_next/static/css/dd3786e789bd89d0.css","precedence":"next","crossOrigin":""}]]}]]},["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children","industries","children","construction","children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","notFoundStyles":"$undefined","styles":null}]]},["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children","industries","children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","notFoundStyles":"$undefined","styles":null}]]},[null,["$","html",null,{"lang":"en","children":[["$","head",null,{"children":[["$","meta",null,{"name":"robots","content":"index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1"}],["$","link",null,{"rel":"icon","href":"/images/website-icon.svg"}]]}],["$","body",null,{"itemScope":true,"itemType":"https://schema.org/SoftwareApplication","className":"b1","children":[["$","meta",null,{"itemProp":"applicationCategory","content":"Business Planning Service"}],["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":[["$","title",null,{"children":"404: This page could not be found."}],["$","div",null,{"style":{"fontFamily":"system-ui,\"Segoe UI\",Roboto,Helvetica,Arial,sans-serif,\"Apple Color Emoji\",\"Segoe UI Emoji\"","height":"100vh","textAlign":"center","display":"flex","flexDirection":"column","alignItems":"center","justifyContent":"center"},"children":["$","div",null,{"children":[["$","style",null,{"dangerouslySetInnerHTML":{"__html":"body{color:#000;background:#fff;margin:0}.next-error-h1{border-right:1px solid rgba(0,0,0,.3)}@media (prefers-color-scheme:dark){body{color:#fff;background:#000}.next-error-h1{border-right:1px solid rgba(255,255,255,.3)}}"}}],["$","h1",null,{"className":"next-error-h1","style":{"display":"inline-block","margin":"0 20px 0 0","padding":"0 23px 0 0","fontSize":24,"fontWeight":500,"verticalAlign":"top","lineHeight":"49px"},"children":"404"}],["$","div",null,{"style":{"display":"inline-block"},"children":["$","h2",null,{"style":{"fontSize":14,"fontWeight":400,"lineHeight":"49px","margin":0},"children":"This page could not be found."}]}]]}]}]],"notFoundStyles":[],"styles":null}]]}]]}],null]],[[["$","link","0",{"rel":"stylesheet","href":"/_next/static/css/5ad7baf19918e3f0.css","precedence":"next","crossOrigin":""}]],"$L6"]]]]
7:I[4699,["6081","static/chunks/6081-34deb2fa2ebb58a3.js?v1732283433132","3842","static/chunks/3842-90ad98b73050a768.js?v1732283433132","5405","static/chunks/5405-c4c21a9636648885.js?v1732283433132","2847","static/chunks/app/industries/construction/%5Bslug%5D/page-ccf60c8dc5b402cb.js?v1732283433132"],""]
8:T2ef4,{"id":"cG9zdDo1MjY2","title":"Small Office Building Construction Financial Model Example","content":"<p>Our Small Office Building Construction Financial Model Structure covers all the essential aspects you need to consider when starting or scaling a Small Office Building Construction business. By following this structure, you can better understand your revenue streams, costs, and assets, helping you optimize profitability and strategically plan for growth.</p>\n<p>Embarking on a small office building construction business requires meticulous financial planning to ensure long-term success. This financial model outlines typical revenues, direct costs, employees, expenses, and assets you need to consider when starting or growing your small office building construction business. Understanding the financial aspects can help you uncover ideas for new and profitable revenue streams. The Small Office Building Construction financial model structure, although comprehensive, may also benefit from further refinement because the industry is constantly evolving. This continuous adaptation is crucial.</p>\n<h2>Revenues</h2>\n<p>Comprehending revenue streams, which are vital for any construction enterprise, is essential. The typical revenue streams that one might encounter for a small office building construction business encompass:</p>\n<ul>\n<li><strong>Contracted Construction Projects:</strong> Revenue is calculated based on contracts signed with clients, factoring in the percentage of project completion.</li>\n<li><strong>Design and Consultancy Fees:</strong> These fees arise from providing architectural design and consultancy services, often calculated as a percentage of the overall project cost.</li>\n<li><strong>Project Management Fees:</strong> Represent income from managing construction projects, typically a fixed percentage of the project’s total cost.</li>\n<li><strong>Change Order Revenues:</strong> Additional revenue from modifications requested during the construction process is calculated as extra project costs, which can be lucrative.</li>\n<li><strong>Rentals of Construction Equipment:</strong> Revenue generated from renting out unused construction equipment to other contractors or businesses, though it can fluctuate.</li>\n<li><strong>Subcontractor Management Fees:</strong> Involve earnings from overseeing subcontractors, often calculated as a service fee per subcontractor employed in a project.</li>\n<li><strong>Retrofitting and Remodeling Projects:</strong> Yield revenue from remodeling existing office spaces, usually based on the size of the project and client requirements, as these projects can vary significantly in scope.</li>\n</ul>\n<h2>Cost of Goods Sold</h2>\n<p>The cost of goods sold (COGS) encompasses all direct costs linked to each revenue stream:</p>\n<ul>\n<li><strong>Materials and Supplies:</strong> Costs for raw materials necessary for construction projects.</li>\n<li><strong>Labor Costs:</strong> Payments made to construction workers and site supervisors directly tied to specific projects.</li>\n<li><strong>Equipment Depreciation:</strong> Reflects the cost attributed to the utilization of equipment in certain projects.</li>\n<li><strong>Subcontractor Fees:</strong> Involve payments made to subcontractors engaged in project tasks.</li>\n<li><strong>Permit and Licensing Fees:</strong> Government expenses related to project execution, crucial for compliance.</li>\n<li><strong>Transportation Costs:</strong> Entail expenses for transporting materials and equipment to construction sites, as logistics play a vital role in project success.</li>\n</ul>\n<h2>Employees</h2>\n<p>A small office building construction business typically requires a variety of skilled professionals, including:</p>\n<ul>\n<li><strong>Project Managers:</strong> Oversee project scheduling, budgeting, and execution.</li>\n<li><strong>Site Supervisors:</strong> Manage daily site operations and ensure safety compliance.</li>\n<li><strong>Architects:</strong> Design office building plans and provide consultancy services.</li>\n<li><strong>Construction Workers:</strong> Execute construction tasks as per project plans.</li>\n<li><strong>Accountants:</strong> Handle bookkeeping and financial planning, ensuring business solvency.</li>\n<li><strong>Administrative Staff:</strong> Ensure smooth business operations, documentation, and communication.</li>\n</ul>\n<h2>Operating Expenses</h2>\n<p>Operating expenses are vital for maintaining a construction business. Common expenses include:</p>\n<ul>\n<li><strong>Office Rent:</strong> Monthly fee for the office space used to manage the business.</li>\n<li><strong>Utilities:</strong> Costs for electricity, water, and other essentials.</li>\n<li><strong>Salaries and Wages:</strong> Monthly payments to all employees.</li>\n<li><strong>Insurance Costs:</strong> Cover business liabilities, employees, and equipment.</li>\n<li><strong>Marketing and Advertising:</strong> Investments in promoting services and acquiring new clients.</li>\n<li><strong>Tech and Software:</strong> Expenses for construction software, design tools, and IT support.</li>\n<li><strong>Travel and Transportation:</strong> Costs related to business travel and site visits.</li>\n<li><strong>Office Supplies:</strong> Regular expenses for necessary materials and equipment.</li>\n<li><strong>Legal and Professional Fees:</strong> Costs for consultancy and legal services.</li>\n<li><strong>Communication Expenses:</strong> Telephone and internet charges.</li>\n</ul>\n<h2>Assets</h2>\n<p>Owning the right assets is essential for a construction business:</p>\n<ul>\n<li><strong>Construction Equipment:</strong> Machinery needed for various tasks.</li>\n<li><strong>Vehicles:</strong> Used for transporting materials and equipment to sites.</li>\n<li><strong>Office Infrastructure:</strong> Includes furniture, computers, and communication devices.</li>\n<li><strong>Design Software:</strong> Essential for architectural and engineering designs.</li>\n<li><strong>Real Estate Properties:</strong> Investment in strategic locations for business expansion.</li>\n</ul>\n<h2>Funding Options</h2>\n<p>Securing adequate funding is crucial for initiating and sustaining operations. Options include:</p>\n<ul>\n<li><strong>Bank Loans:</strong> Traditional financing options for business expansion and operations.</li>\n<li><strong>Venture Capital:</strong> Equity financing from investors interested in growth potential.</li>\n<li><strong>Equipment Leasing:</strong> An alternative to purchasing, aimed at reducing upfront costs.</li>\n<li><strong>Government Grants:</strong> Financial aid for construction businesses meeting certain criteria.</li>\n<li><strong>Personal Investment:</strong> Owner’s contribution to set up or expand the business.</li>\n</ul>\n<h2>Driver-based Financial Model for a Small Office Building Construction</h2>\n<p>A truly professional small office building construction financial model is grounded in <a href=\"https://ajelix.com/bi/kpis-for-construction/\">operating KPIs (aka “drivers”)</a> relevant to the business. A few key performance indicators to consider include:\\</p>\n<ul>\n<li>Project completion rate, which measures the percentage of projects delivered on time and on budget.</li>\n<li>Revenue per project indicates the average income generated from each project, while cost per square foot calculates expenses for constructing each square foot of space.</li>\n<li>Labor utilization rate assesses workforce efficiency in completing projects on time, while equipment utilization rate measures how effectively machinery is used on projects.</li>\n</ul>\n<p>Driver-based financial planning is a process that identifies key activities (often referred to as ‘drivers’) which have the greatest impact on your business outcomes; it also entails constructing your financial plans based on those activities. This method enables you to establish connections between the financial outcomes and the resources required to achieve them (such as personnel, marketing budgets, equipment, etc.). If you want to know more about driver-based financial planning and why it represents an effective approach to planning, you can view the founder of Modeliks elucidating it in the video below.</p>\n<p><iframe loading=\"lazy\" title=\"Unleashing the Secrets: Dominating Driver-Based Financial Planning\" width=\"640\" height=\"360\" src=\"https://www.youtube.com/embed/TRMzfKz9OOw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen></iframe></p>\n<h2>The Financial Plan Output</h2>\n<p>The objective of financial forecast outputs should enable you, your management, board, or investors to swiftly grasp how your small office building construction enterprise will perform in the future. It is crucial to attain assurance that the plan is well-considered, realistic and achievable. Understanding what investment is required to implement this plan, as well as the anticipated return on investment, is essential. To achieve these goals, here is a one-page template for effectively presenting your small office building construction financial plan.</p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https://wp.modeliks.com/wp-content/uploads/2024/09/WhatsApp-Image-2024-09-27-at-09.52.52.jpeg\" alt=\"Small Office Building Construction financial plan\" width=\"800\" height=\"520\" /></p>\n<p>Beyond this one-page summary of your plan, you will need three projected financial statements:</p>\n<ul>\n<li><strong>Profit and Loss:</strong> Provides a summary of revenue, costs, and expenses over a specific period.</li>\n<li><strong>Balance Sheet:</strong> A snapshot of a business’s assets, liabilities, and shareholder’s equity at a certain moment.</li>\n<li><strong>Cash Flow Statement:</strong> Reports the cash generated and used during a specified time interval, reflecting how operations, investing, and financing activities impact cash.</li>\n</ul>\n<h2>Small Office Building Construction Financial Model Summary</h2>\n<p>A professional small office building construction financial model will assist you in contemplating your business, identifying the resources necessary to achieve your targets. Although you can set goals and measure performance, this process also enables you to raise funding and make confident decisions. However, managing and growing your business requires continuous effort, because without a solid model, the risks increase significantly.</p>\n<p>If you need help with your financial plan, try <a href=\"https://modeliks.com\" target=\"_blank\" rel=\"noopener\">Modeliks</a>, a financial planning solution for SMEs and startups or contact us at <a href=\"mailto:contact@modeliks.com\">contact@modeliks.com</a> and we can help.</p>\n<p>Author:<br />\n<a href=\"https://www.linkedin.com/in/blagojahamamdziev/\">Blagoja Hamamdjiev</a>, Founder and CEO of <a href=\"https://www.modeliks.com/\" target=\"_blank\" rel=\"noopener\">Modeliks</a>, Entrepreneur, and business planning expert.</p>\n<p><em>In the last 20 years, he helped everything from startups to multi-billion-dollar conglomerates plan, manage, fundraise, and grow.</em></p>\n","slug":"small-office-building-construction-financial-model-example-2","date":"2024-10-18T09:13:08","featuredImage":{"node":{"id":"cG9zdDo1MjY1","sourceUrl":"https://wp.modeliks.com/wp-content/uploads/2024/10/main-image-9l_326FISzk.jpeg","altText":"Small Office Building Construction Business Plan"}},"seo":{"metaDesc":"Optimize your small office building construction financial model with our comprehensive template. Achieve accurate budgeting, forecasting, and financial analysis.","title":"Small Office Building Construction Financial Model Example - Modeliks"},"industryName":{"industryName":["construction"],"category":["financial-model"]},"h1":"Construction Business Plan | Modeliks"}2:["$","$L7",null,{"post":"$8","isBusinessPlan":true}]
6:[["$","meta","0",{"name":"viewport","content":"width=device-width, initial-scale=1"}],["$","meta","1",{"charSet":"utf-8"}],["$","title","2",{"children":"Small Office Building Construction Financial Model Example - Modeliks"}],["$","meta","3",{"name":"description","content":"Optimize your small office building construction financial model with our comprehensive template. Achieve accurate budgeting, forecasting, and financial analysis."}],["$","meta","4",{"name":"keywords","content":"construction business plan, how to write a construction business plan, construction business plan software, business plan in construction industry, construction business plan example, business plan for construction business, business plan for construction company, business plan template for construction company, free construction company business plan template"}],["$","link","5",{"rel":"canonical","href":"https://www.modeliks.com/industries/construction/small-office-building-construction-financial-model-example-2"}],["$","meta","6",{"property":"og:title","content":"Small Office Building Construction Financial Model Example - Modeliks"}],["$","meta","7",{"property":"og:description","content":"Optimize your small office building construction financial model with our comprehensive template. Achieve accurate budgeting, forecasting, and financial analysis."}],["$","meta","8",{"property":"og:url","content":"https://www.modeliks.com/industries/construction/small-office-building-construction-financial-model-example-2"}],["$","meta","9",{"property":"og:site_name","content":"Modeliks"}],["$","meta","10",{"property":"og:locale","content":"en_US"}],["$","meta","11",{"property":"og:type","content":"article"}],["$","meta","12",{"name":"twitter:card","content":"summary"}],["$","meta","13",{"name":"twitter:title","content":"Small Office Building Construction Financial Model Example - Modeliks"}],["$","meta","14",{"name":"twitter:description","content":"Optimize your small office building construction financial model with our comprehensive template. Achieve accurate budgeting, forecasting, and financial analysis."}],["$","link","15",{"rel":"icon","href":"/favicon.ico","type":"image/x-icon","sizes":"16x16"}]]
1:null