The home building is a challenging career and only those should venture in this profession
that have knowledge about it and are innovative in their approach. The scope of the business is quite vast, but only the promising and dedicated candidates can make space for themselves in this field.
The home builders operate at two levels local and multi-regional builders. The multi-regional builders enjoy the economies of scale as well as more bargaining power over local builders. Whether to be a local builder or multi-regional builder entirely depends upon the financial condition of the builder. Every builder wants to be a multi-regional one, but the amount of resources the builder own forms the prime criteria of his decision.
The builders can either opt for business to customer or business to business transactions. For the former case the customers approach the builders themselves for this the challenge for the builders is to build good market image as that will act as a driving force for driving the customers towards the builder.
The builders have a wide variety of choice in targeting their customers. They can either target individual customers called as consumers or other business. The former case is an example of business to customer transaction while the latter is the case of business to business transaction also called as B-2-B transaction. In B-2-B transaction the builders can either target the government organization or the private ones.
For the business to business transaction the builders need to quote their prices in a prescribed tender format. The builder who bids the most economical offer and at the same time offers the quality service will be able to bag the tender. The critical criteria for the success in this case are to study the market very precisely and forecast the moves of other bidders estimate their price and accordingly bid their prices.
The profession of home building demands proper knowledge about the material to be used and also about the right proportion of their usage. If once the image of the builder is spoiled due to his lack of knowledge or poor quality, then he can never succeed in the market