Companies in this industry erect and assemble structural steel and precast concrete components; they may also assemble and install steel reinforcing bar (rebar) and steel rods, mesh, and cages for the reinforcing of poured-in-place concrete. Major US companies include Baker Concrete Construction, CP Buckner Steel Erection, DBM Global, High Industries, and Lexicon.
Demand is driven by residential, commercial, and government-funded construction activity. The profitability of individual companies depends on accurate cost estimation and efficient project management. Large companies have economies of scale in marketing and purchasing. Small companies can compete effectively by specializing.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major projects for structural steel and precast concrete contractors include the erection of steel and precast concrete components used in the construction of buildings and infrastructure. Other activities include placement of concrete reinforcing bar (rebar), rods, cages, and mesh.