CPC40110 Certificate IV in Building and Construction

Task:

For this assessment you will be required to demonstrate your ability to:

1.Research finance options

2.Apply for business finance

3.Determine marketing strategies

4.Communicate and negotiate

Your assessor will provide you feedback upon completion of this project.

You have been operating a successful small building company for just over 5 years. You are known as the builder of choice for home extensions and house renovations. Your profits have been consistent and you have generated $78,000 which you have on deposit at the bank in an interest bearing account. You employ a small team of apprentices and qualified trades people and rely heavily on specialist sub-contractors to complete some tasks.

In order to be marked on your Skills Demonstration, you will be required to:

Respond to the short answer questions

Demonstrate to, and be deemed competent by your trainer in each of the unit evidence requirements.

1.Investigate some finance options to help you secure additional capital and list them below:

You have a meeting booked with your chosen financial backer, a commercial lending specialist from a bank. Answer the following questions to help you prepare your case.

2. . What strategies can you implement for ensuring there is adequate financial provision for taxation?

3.  Who can you engage to help you with this application?

4. How will you monitor your marketing strategy to build business and ensure longevity of the new branch?

5. What is the rough cost for a new house (land, labour, materials) and what will the sale price be?

6.  Develop and outline two strategies for managing finance for this business

7. How will these be implemented?

8.  How will these be reviewed?

9. What type of finance do you want to negotiate and secure from the bank? Briefly describe the structure of the selected finance and why you chose it.

10.  Based on your selected loan type, what are the repayment types and frequency?

Business Proposal

Purpose and Scope: What do you plan to do with the funds, how do you plan to pay them back and what experience do you have in the industry? 

Supporting evidence: Create a cash flow forecast and attach as evidence (you may use the template below as a guide).

Outline the additional evidence you would supply if this was a real life scenario for your business: