Nonresidential Building Construction
Brief Excerpt from Industry Overview Chapter:
Companies in this industry construct nonresidential buildings, including industrial plants and commercial and institutional facilities. Major companies include US-based Clark Construction Group, Turner Construction, and Whiting-Turner Contracting, as well as Balfour Beatty (UK), China State Construction Engineering Corporation, HOCHTIEF (Germany), and Skanska (Sweden).
Nonresidential construction activity depends heavily on corporate and government spending. The profitability of individual companies depends on accurate project bids and efficient operations. Large companies have advantages in their ability to engage in multiple projects simultaneously and to engage in many types of construction. Small companies can compete effectively by specializing, working in a limited geography, or serving as subcontractors on larger projects.
PRODUCTS, OPERATIONS & TECHNOLOGY
Commercial and institutional buildings account for about 90% of industry revenue; industrial buildings account for the rest. Services include new construction, additions, remodeling, maintenance, and repairs.
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