Why do I need to own equipment before I can register?

The CDB considers it important that each contractor own a minimum amount of equipment for two basic reasons:  1) it insures that a contractor has the equipment necessary to successfully execute construction projects; and 2) it encourages contractors to make an investment in their chosen profession.    After making an investment, contractors will be obliged to take their construction business seriously and will be eager to be successful in their endeavors.

The CDB understands that many contractors do not want to invest in equipment when there are no assurances of future work.   As such, contractors are encouraged to start as Petty class contractors, which has very low equipment requirements.   The CDB is also actively trying to acquire statistics (such as average bid/win ratios) that will further assist contractors to make informed decisions about appropriate levels of investment.   Stringent regulations about equipment investments will also help reduce the number of registered contractors, making the sector more attractive for those individuals and firms who are eager to participate and invest in the industry.

September 5, 2010
Visitors: 47898
Phone No. 326035/34 :: Fax No. 321989 :: Post Box No. 1349:: email: cdb@druknet.bt::
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