- Course Number:
- BCT 202C
- Course Title:
- Business Principles for Construction
- Credit Hours:
- Lecture Hours:
- Lecture/Lab Hours:
- Lab Hours:
- Special Fee:
Course DescriptionExplores the fundamental business principles and practices used in managing a residential construction company. Includes establishing objectives in marketing, operations and finance, and the relationship between those business activities and the planning and management methods for achieving objectives. Presents the general legal requirements, accounting and record keeping practices. Audit available.
Addendum to Course Description
Participants will identify issues and apply principles by creating a business plan for an actual or hypothetical construction business.
Intended Outcomes for the course
Upon successful completion students should be able to:
To identify typical business issues and study methods for business decisions and problem solving; understand the legal requirements and value of record keeping; develop business management forms or checklists for monitoring activities; understand how to delegate and assign roles and responsibilities; achieve learning objectives on business principles required by the Oregon Construction Contractors Board.
Outcome Assessment Strategies
1.Work individually to create a reference manual of business principles with applications in achieving intended learning outcomes.
2.Work individually to produce a report that discusses a business management principle and its application to the student's work environment.
3.Complete individually an in-class assessment that applies business principles presented to a hypothetical fact pattern of a construction company.
4.Work in collaboration with another team member to create and present a business plan for an actual or hypothetical construction company, including vision, mission, and objectives in marketing, operations and finance.
Course Content (Themes, Concepts, Issues and Skills)
Themes, Concepts and Issues:
•Overview and nature of the business environment for construction; how to determine trends that influence a construction business; benefits in working with other business professionals like an accountant and banker.
•Adjusting business activities in response to changes in the business environment, regulations or workforce.
•Formation of a business and choosing a business entity; requirements for conducting a construction business in Oregon, including regulations by the Construction Contractors Board.
•Business performance in achieving objectives; employer's duties and obligations; employee's rights and obligations to perform.
•Understand Oregon employer requirements and employee responsibilities, including wage and hour regulations.
•Understand business practices and methods in record keeping, tax forms and reporting.
•Develop and operate a business with a budget for managing overhead; understand the relationship between revenue, gross profit margin and overhead; learn how to calculate break even point.
•Develop individual skills in verbal and written communication, critical thinking, and learn how to research, gather and analyze information for making a business decision.
•Practice skills in teamwork by consensus building, verbal communication, and problem-solving.