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. …show more content…
The biggest development ventures are sometimes called as megaprojects. For the successful execution of a project, appropriate planning is essential.
After agriculture the construction industry is the second largest industry in India. It makes a symbolic contribution to the national economy and provides employment to large number of people. Construction activity is an essential part of country’s infrastructure and industrial development and is poised for further growth on account of urbanization, economic development industrialization and people’s rising expectations for improved quality of living. It includes townships, offices, hospitals, schools, houses and other buildings; urban infrastructure (including water supply, sewerage, drainage); highways, roads, ports, railways, airports, power systems; irrigation and agriculture systems, telecommunications, etc. Covering as it does, such a wide range, development turns into the fundamental
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Construction industry consumes 40-50% of the National Plan outlay and contributes 20% of GDP. Besides, the construction industry generates substantial employment and provides a growth impetus to other sectors through backward and forward linkages. The construction division has seen exceptional action in the course of the most recent few years. Considered as the building pieces of improvement construction has assumed a crucial part in the transformation of India, catering to its infrastructural needs, housing requirements and transportation solutions. Government emphasis on infrastructure has been crucial in fuelling construction activity. The sector has also made inroads in engineering and design, building materials and equipment to keep pace with the growing demands of the country. The importance of the sector is further highlighted by a few key facts. Construction is the second largest employer and contributor to GDP, accounting for nearly 7% of the GDP in the country, second only to agriculture. In fact, as per the economic survey, the rate of growth at factor cost on prices levels of 2004-05, construction 2 has grown at 6.5% in 2009-10. Additionally, of the total investment in infrastructure 65% is accounted for by
When we see an economic downturn many of the different industries are affected in different ways depending upon their demand. The industry which always seems to be affected first and the last to recover is the construction industry. The construction industry is one of the largest sectors of the UK’s economy. It contributes around £90billion which is 6.7% of the total and 2.9 million people are employed within the construction sector. (HM Government, 2013) (Barawas and Fleetwood et al., 2013) This contribution is measured by the Gross Value Added (GVA), here below is a table to represent the contribution the construction industries GVA (for 2012 prices) and its % of economy.
The construction industry plays an important role in competitiveness and prosperity of the economy in terms of its significantly contributing to shelter, infrastructure and employment (Anaman and Osei-Amponsah, 2007). A number of researchers have investigated on the vital role of the construction sector to the overall economic growth. In Rhodes’ paper who stated the construction industry in the UK contributed £83.0 billion in economic output in 2012, which accounts for 6% of the total. Also, workforce jobs in the construction industry in UK were 2.03 million in 2012 and 2.12 million in 2013, account 6.4% and 6.5% in total respectively (C. Rhodes, 2013). Oladinrin indicated the significance of construction linkage with the aggregate economy in Nigeria by studying on construction output and Gross Domestic Project (Oladinrin and etc., 2012). A recent report of U.S. Bureau of Economic Analysis showed that the GDP value added of construction industry was $652,723 million in 2014, 3.7% of total GDP (http://www.bea.gov/industry/gdpbyind_data.htm). Besides, a report of U.S. Bureau of Labor Statistics stated the employment by construction industry sector take 4.7%, 3.9% and 4.5% in the year of 2002, 2012 and 2022 respectively (http://www.bls.gov/emp/ep_table_201.htm). The construction industry has been playing an influential role on domestic GDP in China (Zhou and Liu, 2007). A report of National Bureau of Statistics of China
This project took me through the history, training, and a day on the job. It could not have been a better experience, and this project proved that a career in construction management is a real possibility in the future. The history of construction management was not a shock, but it was a little bit of a reality check. It is common knowledge that the human race has been building things since the beginning of time, but what is extraordinary is to think about how far the world has come over the thousands of years. Men and women started living in small huts.
Quantity takeoff is an essential task in the construction process as it provides the basis for other construction tasks that follows. The building elements are measured and these quantities are then used to estimate the cost and the relevant workload involved. This information is then assembled in a Bill of Quantities (BQ). The BQ structures and organizes the information about measurements, productivities and costs, according to the construction task and considers the actual order of the construction process. For example, the foundational elements are under the same section in the BQ while the roof elements are under the same section in the BQ.
“Our plans miscarry because they have no aim. When a man does not know what harbor he is making for, no wind is the right wind” a famous quote about our goal by Seneca. It is a metaphor about the achievement goal and objectives by good planning skills. One has to plan for what one wants to achieve and where one wants to go. One of the most important things is to have good planning, before taking any project the first think you should do is to create project plan. Planning can be defined as preparing a sequence of action to achieve specific goals and objectives. According to Kerzner (2009), “project planning is desirable that the project manager is involved from project conception through execution. It must be systematic, flexible to handle, closely disciplined through reviews and control and capable of accepting multi functional inputs (pg. 412)”. The importance of planning a project is to describe the work so that it will be easily identifiable to the project team member.
The real estate sector in India is one of the sectors recognized worldwide. In the country, it is the second largest employer after agriculture and is expected to grow by 30 percent over the next decade. It consists of four sub-sectors - residential, retail, catering and advertising. The growth of this sector is well complemented by the growth of corporate environment and demand for office space, as well as the urban and semi-urban housing. According to a study by ICRA, construction third ranked among the 14 most important sectors in terms of direct, indirect and induced in all areas of business purposes. It is also expected to emerge from this more non-resident sectors (NRI) Indian investments in the near future, according to a
The definition of a contract is 'a promise or set of promises which the law will enforce. That is to say, the contract can be defined as a legally binding agreement between two parties or exchange of promises whereby one party undertakes to provide something in return for something else from another party. In contract, the rights and obligations are created by the acts of agreement between the parties to the contractual arrangement. Contract conditions are to set out the principal legal relationship between the parties to a construction project, determining the allocation of risk, price and consequently. There is a need of contract in between the parties of construction industry to make sure the construction carry out smoothly and standardized. In the procurement of construction, contracts are including standard form, modified form and bespoke form. Modified form of contract is developed based on standard form of contract
Brooke (1997), explains Estimation as the technical procedure of anticipating the value of the project. Building construction estimation is the process of acquiring the construction value for the whole project before the project starts. Thus, construction attaining process depends hugely on financial management to sustain workability and smooth operations. The delay in construction is a global issue which is due to improper preparation of estimates and lack of drawings (Ajanlekoko, 1987). In accordance to Gkritza (2008), the source of delay in a project are identified to be in the initial stages, like bad quantification, errors in design and ground conditions. Thus, the purpose of a proper estimate is to foretell the cost needed to finish the
This paper explores what it takes to be a construction manager and the responsibilities of being a construction manager and the skills that a construction manager should have. It also explores what good construction managers do to have success on their construction projects and the steps that a construction manager must follow to end a project and meet their deadlines at the same
BOT basically is a type of contract which involves two sectors that are private and government. The government requested the private sector to provide some infrastructure for the living, so that it can helps in the development of the country. The non-government sector will design, provide finances, construct and also operates the facility (building, school, road, etc.). After some period of time, the ownership will be transferred back to government. It is possible because of the process of concession where the private sector will take the benefits from the operation of the building and then after the concession finished, the ownership can be given to government.
In general, there are different types of procurement type for various situations, due to no one method can be suitable under the all different construction project. In this case, there are four procurement paths, which are traditional, design and build, management and design and manage, which will be advised to use. However, each method has different advantages and disadvantages. First, traditional path is the tender documents have been prepared and then invite the tender and the employer appoints the contractor to construct the project. There are several advantages of this traditional route in the construction industry.
Project management involves all activities that encompass scheduling, planning, and controlling projects. A successful project manager ensure that an organization’s resources are being used both efficiently and effectively. Most projects need to be uniquely developed require a sense of customization and the ability to adapt to any posed challenges. The scope of effective project management includes defining what the project is and what is being expected to be accomplished. Projects are imposed to fulfill a certain need and project managers must have the ability to create the proper definition. Goals and the means used to attain those goals have to be clearly stated. Project Managers must also have the ability to plan
Infrastructure Management and Construction deals with project management, construction materials, construction engineering and building engineering.
When planning a new project, how the project will be managed is one of the most important factors. The importance of a managers will determine the success of the project. The success of the project will be determined by how well it is managed. Project management is referred to as the discipline that entails the processes of carefully planning, organizing, controlling, and motivating the organization resources so as to foster and facilitate the achievement of specific established and desired goals and meet the specific criteria of success required in the organization (Larson, 2014). Over the course of this paper I will be discussing and analyzing the importance of project management.
Corruption is one of the major issues nowadays and is a clear example and consequence of the actual society and culture. A manifestation of this global phenomenon is the construction industry where corruption is really widespread and interconnected with other industries.