Engineering and Construction Domain
Engineering and Construction Industry – Domain Knowledge
Looking for knowledge and key business information on the Engineering and Construction industry?
TechnoFunc brings to you engineering and construction industry overview, business model, value chain, competitive landscape, and latest trends. The Engineering and Construction Industry is involved in the building or assembling of infrastructure. Large scale construction is a feat of human multitasking. Increasing project risk and complexity together with the growth of long-term contracts and opportunities in post construction services creates both challenges and opportunities for the engineering and construction industry. Learn about planning, design, execution, scheduling, budgeting, site safety along with how to deal with delays and bidding, etc. Learn the various dynamics and challenges in the Engineering and Construction Industry. Quickly enhance your business acumen in the engineering and construction domain and impress your stakeholders in your next meeting!
Features of Construction Industry
Construction projects (activities) have some unique features with respect to other industrial projects. The construction industry is a unique industry with its own inherent complications that involves multiple stakeholders and agencies. Dependent on contractors and seasonal labor-force it has multiple linkages with other industries. Productivity and safety hazards are peculiar to this industry.
Roles in Construction Industry
In general, there are various groups of stakeholders involved in a construction project. Each group contributing a specific component, examples are the owner group, the engineering group, and the construction group. In this article, we take a look at different roles that exist within the ambit of the construction industry.
Construction Industry – Business Model
The business model for the construction industry tells the story about how the industry works, defining who the target customers are, how the business makes money, and what the customer values. Most of the construction projects originate by clients as concepts of public or private utility, and actually delivered by many players in the industry.
