Construction Industry In Construction Industry

Introduction

As we realize that Construction is the way toward developing a building or framework. Construction is a general term meaning the art and science to form objects, systems, or organizations and comes from Latin constructionem (from com- "together" and struere "to pile up") and Old French construction. Construction differs from manufacturing in that manufacturing typically involves mass production of similar items without designated purchaser, while construction typically takes place on location for a known client. Construction as an industry compromises of 6 % to 9 % of the gross domestic product (GDP) of developed countries. Construction begins with planning, design, and financing; and continues until the project is built and ready for use. The Construction Industry is a vital marker of the

highways and utility systems). This may incorporate maintenance and repairs, additions, new work, alterations. There are 3 major sectors in construction industry which are as follows:

• The 1st is the construction of buildings (both residential and nonresidential).

• The 2nd involves heavy and civil engineering such as streets and bridges, utility systems, land subdivision and highways. Firms in these two sectors are principally encorporated in contracts that include responsibility for all aspects of individual projects and are commonly known as general contractors.

• The 3rd major sector of construction industry includes establishments in the specialty trades, which are primarily engaged in activities to produce a specific component (e.g. masonry, painting and electrical work) of a project. Specialty trade contractors obtain orders for their work from general contractors, architects or property owners.