Sovereign Enterprises
Specialty: Residential and commercial contractor specializing in drywall, doors, hardware and framing
Principal: Randy Bosley
Year founded: 1993
Local office: Beacon Hill
Largest project in 2002: Subcontractor for siding, doors, hardware and some drywall at the Richmond Beach Library
Sovereign Enterprises owner Randy Bosley is an optimist who says that even though the construction market is a tough one now, there are still some opportunities.
With such an outlook, it’s little wonder that Bosley has spent the last several months as the interim technical director of the new Contractor Development Competitiveness Center.
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A coalition of public and private groups formed the center to address issues that small, minority- and women-owned business in the construction industry face. The center is creating a database of small contractors and providing them with a library of plans and specs, and a place to meet.
In these slower economic times, it is vital to network, said Bosley, whose brother Derick has been running the construction business while Randy has been busy helping launch the center.
“This industry relies a lot on relationships,” he said. “If somebody wants to get up and get on their roller skates, you know they can make something happen for themselves.”
Bosley’s assignment at the center will come to an end later this month, and he expects to be busy as a contractor.
“I just see a wealth of opportunity for myself. I can go after whatever,” said Bosley, who said one thing that keeps him busy is working residential jobs as well as commercial. “I know what it takes, and I know how to bid.”
Times are tough for everyone, he added, but especially for what he defines as the emerging contractor. But if these beginners work on networking, they’ll find opportunities.
Bosley advises watching out for opportunities on the transportation front. The common wisdom is that little is going on with this sector. But Bosley noted that work has begun on the second Tacoma Narrows Bridge, an $849 million project. This, he said, will result in plenty of work for subcontractors.
At the Contractor Development Competitiveness Center, which is housed in the Urban League building at 105 14th Ave., there are 30 sets of plans for projects stretching from Everett to Puyallup, according to Bosley. “So there are some opportunities out there,” he said.