ipl-logo

Characteristics Of Construction Industry

1243 Words5 Pages

1.0 Introduction The construction industry is that the sector of economy which constructs, repairs, alters, and demolishes buildings, civil engineering works and other similar structures. In addition, the construction industry also includes the assembly and installation on site of pre-fabricated components and building engineering services. Due to the amount of industries linked to construction industry and the number of people it employs, it makes up an important part of the Malaysia’s economy. Then, it is considered as one of the key drivers of economic development Malaysia except from the services sector. According to National Resources BMI, the value of the construction industry is estimated at RM66.34 billion with a forecasted …show more content…

The construction industry is belonging one of a sector of the economy. However, the construction industry is far riskier than other lines of business, but the rewards also higher than other at the same time. The construction industry is considered as a tertiary industry, but which differs from extraction and manufacturing. First and foremost, construction industry also requires the professionals as well as a civil engineer, architect, mechanical engineer, quantity surveyor, draughtsman, overseer and et cetera. The most special thing is construction business is far different from other business, it doesn’t like other business require a number of fixed assets like land, building, industrial machinery and so on. It can theoretically run even without the need for an office. For example, the machinery and personnel can be hired depending on the construction project, the site can be bought using borrowed capital and customer can buy the units through bookings, periodic work completion contracts and et cetera. The construction industry is strongly patronized by politicians and government entities in most developing and underdeveloped …show more content…

Construction industry belongs to capital industry. It requires other industries to support them and the gross domestic product of the country also contributed by construction industry. In addition, construction industry also requires many workers. Government is the main client of construction industry regarding to their policy in infrastructure development. Demand of construction is in many sizes and types. There will be different resources, locations, inputs, and stages of the process. The demand pattern is in uncertainties and

Show More
Related

  • Construction Scheduling Case Study

    549 Words  | 3 Pages

    I am making this appeal in response to the sanction that is imposed on me in reference to the case #3788. The hearing panel found me guilty on the charge of complicity in the course of construction scheduling COSC 603:299 and awarded me a grade of F* in the course COSC 603:699 Construction Scheduling for which I was enrolled in Spring 2015 semester. The basis of my appeal is that the sanction on me is not commensurate to the violation. I would like to provide the following rationale for my defense.

    Read More

  • Building Control Nvq

    116 Words  | 1 Pages

    Building control is an important aspect to consider whilst in the construction process; if the approved inspectors and the CIOB do not inspect the work being done then the workers will not know if they are doing something wrong. The reason in which building control is important is that the inspectors can make sure that everyone is complying with building control. The regulations that are implemented exist to ensure the health and safety in and around all types of buildings they also provide for energy conservation and access to and use of buildings. The building regulations contain various sections dealing with definitions, procedures and what is expected in terms of the technical performance of building work.

    Read More

  • Personal Narrative: A Place In Atlantic City

    1262 Words  | 6 Pages

    According to their lastest published financial statement , in 2013 they had $909,797,201 in assets, $592,740,013 in liabilities, and expended $4,199,618 for salary and benifits, $824,634 for administration, $726,920 for Professional Servcies, $20,149,055 for Projects Costs, and $226,818

    Read More

  • Industrialization Dbq Analysis

    941 Words  | 4 Pages

    The period of time after the Civil War and before World War I was a period of tremendous change in America. Although immigration is a major tenet of the United States, due to the changing economy, improvements in transportation, a shifting of the American people to the city, and deepening class divisions, industrialization was the most powerful force shaping the country between 1865 and 1914, followed by urbanization, and finally immigration. The most noticeable effects of industrialization are changes to the economy, alterations in the distribution of wealth, and the rise of organized labor. Overall, the growth of industry raised the standard of living for most people.

    Read More

  • Dbq Industrialization Analysis

    444 Words  | 2 Pages

    Looking at the pace of development and rapid industrialization of the United States in the late Nineteenth century, we can figure out and sort many major and minor contributing factors aiding the industrialization process. Keeping all the factors and conditions into consideration, first thing is the mechanization of Labor force. The division of labor eventually facilitated production by reducing the producing cost. The labor force that built America during the late nineteenth century was comprised of primarily the immigrants. The contribution of many inventors and scientist, including gasoline powered automobiles, advanced coal engines, the telephone and the typewriter and many more advanced railways that helped to connect the entire US played a significant function in manufacturing, producing and whole industrialization process.

    Read More

  • Tim Barton Construction, Inc.: Case Study

    495 Words  | 2 Pages

    Barton attended two years at SW Texas Jr. College in Uvalde and three years at Cisco Jr. College. He has a two-year associate’s degree. He doesn’t have any licenses or certifications in construction. From 1979-2008, he had his own company that built houses and some commercial projects. Tim Barton Construction started out as a sole proprietorship; he later formed Tim Barton Construction, LLC.

    Read More

  • Woody 2000 Case Study

    1170 Words  | 5 Pages

    10. Forecast the demand for Woody’s products, throughout the project’s life. 11. Ensure that the current production activities are not hampered, while the project activities are carried out. d.

    Read More

  • Importance And Importance Of Resource Planning

    1098 Words  | 5 Pages

    One resource planning technique is resource leveling. It aims at smoothing the stock of resources on hand, reducing both excess inventories and shortages. The required data are: The demands for various resources, forecast by time period into the future as far as is reasonable, as well as the resources ' configurations required in those demands, and the supply of the resources, again forecast by time period into the future as far as is reasonable.

    Read More

  • Sustainable Construction Essay

    1937 Words  | 8 Pages

    Introduction In today’s world, most developing countries are in a race to build up the necessary infrastructure to scale up there operations and become the next global superpower. In this process, a lot of energy is consumed – be it for transportation, manufacturing or construction. This rapid growth of energy use seen over the past two decades have raised concerns for governments and energy-related organizations alike. Questions with regard to the supply, sustainability and exhaustion of energy sources abound, and while most developed countries have taken active steps to reduce consumption of scarce resources, the position of developing countries in this regard is still lacking.

    Read More

  • Ll Bean Case Study

    1854 Words  | 8 Pages

    If the market is in recession the demand can be expected to be on the lower side whereas in case of boom condition, demand will definitely be much higher. Competitors: The strategies of the competitors over the past periods should be analysed in depth and should be used to fine tune the forecast for next

    Read More

  • Advantages And Disadvantages Of Technology In Construction Industry

    909 Words  | 4 Pages

    Introduction: The term 'advanced development technology ' in construction industry covers an extensive variety of present day techniques and practices that envelop the most recent improvements in materials technology, design methodology, amount studying, offices management, administrations, structural examination and design, and management skills used in construction industry. Technological advancements in different fields such as medical industry, business industry, electrical engineering, mechanical engineering, civil engineering etc. have brought many positive impacts. Fusing advanced development technology into construction industry can expand levels of value, proficiency, safety, maintainability and incentive for money. The advanced technologies in construction industry are very useful for all type of small and large scale construction projects.

    Read More

  • 7-Series Project: The Root Cause Of BMW Quality Issues

    723 Words  | 3 Pages

    Drawing & Commercial Production Process. • In case Suppliers come across issues during Commercial Production then it takes time to adjust the

    Read More

  • Samsung Manufacturing Strategy: Process Strategies

    732 Words  | 3 Pages

    Process Strategies The process strategies, for such a large manufacturing company, would need to be varied. The production process type would be determined by the product life cycle stage at that time (Thayer 2004).Product life cycles for items such as smartphones and tablets do not generally follow the standard life cycle stages. The maturity stage can be interrupted by discontinuation or irrelevance of a technology, which recommences the cycle (Giachetti & Marchi 2010). Incidentally, during the product life cycle of these items, a cyclic improvement of both process and product is required to stay in contact with market changes.

    Read More

  • Advantages And Disadvantages Of Supply Chain Management

    771 Words  | 4 Pages

    Coordinate with customer relationship management to identify customer articulated needs 2. Select materials and suppliers in conjunction with procurement 3. Develop production technology in manufacturing flow to manufacture and integrate in to the best supply chain flow for the product/market combination G. Manufacturing Flow Management The manufacturing process produces and supplies products to the distribution channels based on past forecasts. The production process has to be flexible to respond to market changes and Mass Customization must absorb.

    Read More

  • Ikea To Maintain Supplier Relationships

    1190 Words  | 5 Pages

    Enhancing creation potential and concentrating volumes are key so as to accomplish low cost. The vast supplier

    Read More

More about Characteristics Of Construction Industry

Open Document