Nigeria
has the potential to be one of the biggest construction markets on the planet.
While the
world is still struggling to emerge from the global economic collapse,
Nigeria’s construction industry is growing fast and is likely to grow
astronomically over the next decade, according to forecasts made in a June 2010
report by Global Construction Perspectives and Oxford Economics.
Estimates
suggest that current growth in the construction industry is greater than that
of India. Indeed, the report found that “Nigeria’s population of approximately
154 million is urbanising at one of the fastest rates in the world, but construction
is now only 3.2 per cent of the Gross Domestic Product.
In the
face of increasing competition and lean resource available to a company,
executives have had to contract part of their operations and responsibilities
to third party agent who carry out such functions for a fee that is usually
cost effective compared to when the company provides it on it own thereby
helping to conserve resource without comprising on quality.
Business
Processing Outsourcing {BPO} is a form of outsourcing that involves the
contracting of the operations and responsibilities of a specific business
function or process to an outsider or a third party agent service provider to
execute. Business process outsourcing can be applied in almost every aspect and
segment of business and some of the areas include Construction, Information
Technology, Telecommunications, Maritime, Banking, Manufacturing etc
In
outsourcing, we have the in-source, in which you are sourcing the services
within the shores in which the company is located while out-source is a
situation whereby the services are sourced from outside the shore of the
country where the company is domiciled.
Nigeria
being a developing country requires massive infrastructural development in term
of road, earth dam, parks, canal channelization and drain. Lagos and other
state are trying to improve its capacity for service delivery to its populace,
where new construction sites are springing up daily; these sites engage
professional leasing company to execute the strategic plans in land preparation
such as bush clearing, levelling, excavating, construction works and sand
filling.
Earth
moving equipments such as Bulldozer, Excavator, Pay-loader, Roller, Grader and
Low-bed (carrier) are used daily at enormous cost associated with the industry
for this project. Specialised company such as Julius Berger, PW, OGORMA and
Hi-tech are fully engaged and overstretched interms of equipment capacity. They
now also sublet contract to equipment vendor to execute on their behalf and pay
upfront.
Some of
the equipment that can be leased includes Bulldozer, Excavator, Payloader, Grader
etc
This report seeks to examine the financial
viability of establishing a heavy equipment rental / leasing company in
Nigeria.
Report Details:
Report Type: Pre- Feasibility Report
Formats of Delivery: PDF / MS WORD
No. of Pages: 30 Pages ( Text Part) / 6 Pages (Financial Part)
Publisher: Foraminifera Market Research
Release Date: 30/08/2015
Language: English
Delivery time: 24– 48hours
Table of Contents:
EXECUTIVE SUMMARY
1.0 Business Overview
1.1 Description of the Business
1.2 Vision and Mission Statement
1.3 Business Objective
1.4 Critical Success Factor of the Business
1.5 Current Status of Business
1.6 Description of the Business Industry
1.7 Contribution to Local and National Economy
2. Marketing Plan
2.1 Description of product
2.2 Product Packaging and delivery
2.3 The Opportunity
2.4 Pricing Strategy
2.5 Target Market
2.6 Distribution and Delivery Strategy
2.7 Promotional Strategy
2.8 Competition
3. Production Plan
3.1 Description of the Location
3.2 Raw Materials
3.3 Production Equipment
3.4 Production Process
3.5 Production Cost
3.6 Stock Control Process
3.7 Pre-Operating activities and expenses
3.7.1 Operating Activities and Expenses
3.8 Project Implementation Schedule
4.0 Organizational and Management Plan
4.1 Ownership of the business
4.2 Profile of the promoters
4.3 Key Management Staff
4.3.2 Management Support Units
4.4 Details of salary schedule
5. Financial Plan
5.1 Financial Assumption
5.2 Start up Capital Estimation
5.3 Source of Capital
5.4 Security of Loan
5.5 Loan Repayment Plan
5.6 Profit and Loss Account
5.7 Cash Flow Analysis
5.7 Viability Analysis
6.0 Business Risk and mitigation factor
6.1 Business Risks
6.2 SWOT Analysis
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