BSBDC

Construction Incubator

In support of the Government of Bermuda’s social agenda, the Bermuda Small Business Development Corporation (BSBDC) has created a Small Business Construction Incubator (SBCI) for small construction contractors. The primary goal of this initiative is to strengthen the leadership and business acumen of Bermuda’s small construction related businesses. With enhanced business operational skills, graduates of the programme can gain a stronger position and become more capable of successfully competing in the Bermudian construction industry.

The 16-week programme is designed for Masons, Small Contractors, Carpenters, Truckers, Plumbers, Welders, Excavators and any small business operating within the construction industry.  Past participants have included those who may be considering starting their own business, along with persons who may have been in business for 20 years or more.

SBCI features instruction and support that will guide you through the key components of operating a stable and efficient small construction business.

There is no charge to attend the SBCI.

Benefits of Enrolling:

  • A much stronger understanding of how to effectively and efficiently run your business venture.
  • Ability to secure bigger contracts and ensure higher revenues.
  • Eligibility for the BSBDC’s loan guarantee programme.
  • Opportunity to network with industry professionals and receive guidance on the future of your business.
  • Opportunity to share tendering and negotiation processes with other participants of the programme.
  • Butterfield Mobilisation Loan Guarantee Programme: a maximum of $2.5 million has been committed to this programme by the Butterfield Bank.  Under this programme, Graduates of the Small Business Construction Incubator are eligible to receive a 100% loan guarantee from the BSBDC with a maximum one-year term.  If requested, an extension can be considered on a case-by-case basis.

Curriculum

Classes are held Tuesdays, Wednesdays and some Saturdays from 7:30am to 12 noon at the offices of the BSBDC, with courses and workshops offered on the following topics:

  • Relevant Laws
  • Accounting
  • Marketing
  • Contracts & Estimating
  • Quantity Surveying
  • Business Strategy
  • Operational & Project Management
  • Government Obligations
  • Crew Leadership (NCCER)
  • Project Supervision (NCCER)
  • Job Site Monitoring

Participants will also gain access to government departments including:

  • Tax Commission
  • Social Insurance
  • Consumer Affairs
  • Immigration
  • National Training Board
  • Transportation
  • Labour & Training
  • Private Pension Commission
  • Health & Safety
  • Planning

These departments can assist in answering your questions and prepare you with best practices for working with government departments and managing employee and customer issues.

If you are interested in participating and/or  for more information, please contact BSBDC Assistant General Manager, Lucrecia Ming at lming@gov.bm.


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