What Is A Construction Company?
To ensure that construction projects are successfully completed within the constraints of best quality, stated period and with minimum cost possible.
How To Start A Construction Company In Uganda?
The two leading players in a market.
Your simple business plan should include
Choose and reserve a business name.
Register your company.
Trading License.
Developer’s license.
General liability insurance.
Disability insurance.
How Do I Get A Construction License In Uganda?
The following documents must be provided for the registration application
Authenticated architectural plans (original)
Authenticated structural plans (original)
NEMA approval (Simple copy)
Bill of quantities (Simple copy)
Contract/agreement (Simple copy) It should be duly signed by both the contractor and the client.
What Are The Requirements To Start A Construction Company In Uganda?
The documents required to establish a new construction business are:
A drafted plan of the Construction business.
Applicant’s ID proof: Aadhaar, Driver’s license, or Voter’s ID.
Aadhaar card of the applicant.
Proof of address: Amenities bill, e.g., electricity or water bill.
Recent passport size photograph of the applicant.
How Much Is Registering A Construction Company In Uganda?
Business Registration Forms Fees
| Details | Costs (Ugx) |
|---|---|
| Registration Fees | 24,000 |
| Change of particulars | 10,000 |
| Search | 2,000 |
| Filing Fees | 1,000 per copy |
What Is Needed To Register A Construction Company In Uganda?
Steps to Register a Company in Uganda.
Search for Business Name.
Reserve the Business Name.
Obtain Certificate of Incorporation.
Obtain an Investment License.
Obtain a Taxpayer Identification Number (TIN)
Obtain a Trading License.
Register with National Social Security Fund (NSSF)
Make a Company Seal.
How Can I Make More Money In Construction In Uganda?
Here are a few things to do, starting today, to be more profitable as a construction contractor.
Be Selective with Projects.
Have the Right Team in Place.
Network to Build Relationships.
Create Word-of-Mouth Referrals.
Reduce Bonding Costs.
Get a Contractor’s License.
Cut out Waste.
Invest in the Business.
Who Approves Building Plans In Uganda?
Two copies of structural plans certified by either a registered engineer or an architect. A genuine land title or a planning consent letter from the Buganda Land Board. There must be a site inspection by the district engineers, health officials and physical planners.
How Do I Register A Construction Company In Uganda?
The most popular documents that are required for Construction Tenders and Contracts include:
COID Registration and Letter of Good Standing.
VAT Registration.
B-BBEE Affidavit or BEE Certificate.
CIDB (Construction Industry Development Board)
NHBRC Registration.
MBSA Membership.
How Much Profit Does A Construction Company Make In Uganda?
On average, construction work can attract a margin of 17-19%, remodeling work 34-42%, and specialty work 26-34%. However, if these figures don’t cover your costs, or they price you out of the competition, they’re no use.
Is Starting A Construction Company A Good Idea In Uganda?
The construction business is a unique niche that can be very profitable if done right. If you have some construction experience or know someone who does, it would be a brilliant idea to start your very own construction company.
How Long Does It Take To Register A Company In Uganda?
Certificate of incorporation; when you submit relevant documents, the process may take up to 3-7days to pick up your certified copies and certificate of incorporation.