Construction: market research reports

In an architectural or civil engineering context, construction is defined as the adding of structure to real property and is one of the most critical stages in a building’s creation. Construction is a crucial service to any building or infrastructural project, and is one of three project services that also includes engineering, procurement (logistics). All three services can be provided for the entire project or one aspect of it by an EPC contractor.

Besides contractors, many people come together to make construction happen, including other project managers and various other personnel, such as construction engineers, construction managers, design engineers, project architects, surveyors, logistics professionals, electricians, plumbers, skilled workers, and laborers.

In construction, budgeting, building materials, construction site safety, environmental impact, logistics, public inconvenience, and scheduling are all crucial to project completion. Design, financial, and legal issues must all be considered, especially given the many possible negative outcomes of a construction project, like cost overruns or structural collapse. Constructing a building can be a private or public endeavor, and means of choosing a construction firm or group include construction management-at-risk, design & build, design-build bridging, hard bid, negotiated price, and management contracting. Accountants, cost engineers, and mortgage bankers likely work in tandem to create a financial plan for any given construction project.