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    Characteristics of Construction Industry

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    syahidatul
    The construction industry has several key characteristics. It produces durable, long-lasting infrastructure like buildings, roads, and power plants. The demand for construction depends on whether projects are for client use or investment in areas like factories, infrastructure, social services, and housing. Construction requires a variety of technologies and involves many parties from design to completion. The price for construction is estimated upfront but not finalized until the project is fully accounted for, and can be influenced by location, resources, and demand for the specific project.

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    Characteristics of Construction Industry

    Uploaded by

    syahidatul
    2K views2 pages
    The construction industry has several key characteristics. It produces durable, long-lasting infrastructure like buildings, roads, and power plants. The demand for construction depends on whether projects are for client use or investment in areas like factories, infrastructure, social services, and housing. Construction requires a variety of technologies and involves many parties from design to completion. The price for construction is estimated upfront but not finalized until the project is fully accounted for, and can be influenced by location, resources, and demand for the specific project.

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    construction industry are a wide range of industry, each type has it own characteristic

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    CHARACTERISTICS OF CONSTRUCTION INDUSTRY

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    The construction industry has several key characteristics. It produces durable, long-lasting infrastructure like buildings, roads, and power plants. The demand for construction depends on whether projects are for client use or investment in areas like factories, infrastructure, social services, and housing. Construction requires a variety of technologies and involves many parties from design to completion. The price for construction is estimated upfront but not finalized until the project is fully accounted for, and can be influenced by location, resources, and demand for the specific project.

    Copyright:

    © All Rights Reserved
    2K views2 pages

    Characteristics of Construction Industry

    Uploaded by

    syahidatul
    The construction industry has several key characteristics. It produces durable, long-lasting infrastructure like buildings, roads, and power plants. The demand for construction depends on whether projects are for client use or investment in areas like factories, infrastructure, social services, and housing. Construction requires a variety of technologies and involves many parties from design to completion. The price for construction is estimated upfront but not finalized until the project is fully accounted for, and can be influenced by location, resources, and demand for the specific project.

    Copyright:

    © All Rights Reserved
    of 2

    CHARACTERISTICS OF CONSTRUCTION INDUSTRY

    The characteristics of construction industry can be divide by its features of


    output, determination of demand, variety of construction technology, structure
    of industry and method of price determination. Construction industry is a
    capital goods industry and it also require other industries to support and to
    contributes gross domestic product (GDP) of the country.
    The comparison to the output of the the other industries on the features of
    construction output are durable or long lasting output such as all immobile
    structure for example building, airports, dams, roads and tunnels, power
    plants, municipal treatment plants, pipeline and others. Then, the expensive
    prices for construction material and component in a construction may lead to
    the poor performances of the construction deliveries. The size are large and
    have a heavy units of end product required over a wide geographical area and
    have a large components manufactured elsewhere. The construction output
    also unique incorporate small remodeling to a international. It is because of
    highly competitive and have a low profit margins. Then, it is unique in a
    designed of building for aesthetic values.The production and the process is
    long due to the different stages of the process.
    The determination of demand for the construction industry can be divided
    into whether the building is used by client or for investment purposes. The
    purpose of investment used in demand is a place to manufacture product
    such as factories and offices. Secondly, the addition or the improvements to
    national infrastructure such as highways, reservoirs and airports. Thirdly, the
    social welfare of investments in hospitals, community halls and schools.
    Lastly, the investment for comfort such as houses.
    The construction operations in a variety of construction technology involve
    a wide range of techniques as well as the combination of various techniques
    depending on the type of work, inputs used, policies and the regulations.
    The characteristics of products produced will influence the structure of the
    industry because the construction component are largely produced by other
    industries. Its includes the size and the numbers of contractual organizations,
    the separation of design and construction, the method and the installation of
    construction. There are many parties and organizations are involved in the
    construction industry for the building from the inception until the handover to
    the client. Moreover, each of the new project may involves a different design
    and construction method of procurement.
    The method price determination in the construction industry will be
    materializes only after the process of the drawing, documentation, tender,
    award, construction period and handling over about 2 years. The process of
    pricing is differs from the other goods and products, which has a
    predetermined price. The price is actually as estimated cost of project until its
    final account is settled. The price is also influenced by the land or site cost, its
    location whether prime location or availability of infrastructure, demand for the
    particular project, the natural resources such as labour, material and plants.
    References
    Internet

    1. Introduction to construction industry


     https://www.researchgate.net/publication/292401396_Introduction_to_Co
    nstruction_Industry

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