Sample excavation business plan

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Sample excavation business plan in 2021

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Are there any contracts for an excavation company?

As a matter of fact, sometimes excavation companies get contracts from government and most often these contracts are juicy.

Can a person start their own excavation company?

As a matter of fact, an individual can single handedly start and run his own excavation company from the scratch before employing people along the line to help him when the business is expanding. If you intend starting your excavation company alone, then you should endeavor to learn some technical skills that will be needful.

What kind of equipment do you need to start an excavation company?

It is important to state that starting an excavation company requires long term planning, training and huge capital base especially for the purchase of heavy duty equipment like; cranes, bulldozers, backhoes, trucks and forklifts et al.

How much does it cost to insure an excavation company?

The average cost of general liability insurance for excavation contractors is $29 per month, or $344 per year. When combined with commercial property insurance in a business owner’s policy (BOP), excavation contractors pay an average of $42 per month, or $500 annually.

Last Update: Oct 2021


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