Construction Industry In Nepal

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CONSTRUCTION MARKET OF NEPAL
Being located between the two nations India and China, Nepal is a warming country with economic development and political stability. Nepalese construction industry is engaged mainly in construction of infrastructures, hydropower, irrigation, buildings and other real estate property. Infrastructure constructions namely comprise of roads and greenery, highways, public facility and government buildings. Besides, the economic growth has affected the business of real estate industry encouraging the construction of new ones. Construction industry in Nepal stands as the second largest employer by providing employment opportunity to a huge population of uneducated and unemployed as well as skilled, unskilled and seasonal
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Infrastructure connects the nation for education, economy and culture with transportation and communication, uniting people of different culture and region into one creating a land worth to live in. Nepal is a landlocked and second richest nation in water resources with huge capability of hydropower energy.
Construction industry in Nepal contributes approximately 10% to GDP. Construction industry mobilizes 35% of government total budget and 60% of the nation’s development budget. A major portion of national budget is allocated for infrastructure development so as to deliver the facility of transportation and communication in rural areas and achieve better quality of infrastructure in existing ones. Besides, construction industry has been providing employment to over a million
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During the period, the Nepalese contractors have been able to develop their management skill, improve working capacity, financial and technical capabilities, and acquire suitable construction equipment.

5) There are many companies and brands emerging in Nepali market. Brands like Komatsu, Case, Caterpillar and Tata construction deal with equipment like excavators, loaders, rollers, backhoe loaders, wheel loaders, etc. Likewise, Doosan, Hyundai, Kawasaki, Mahindra and Ashoka also have introduced various construction equipment. The major chunk client for equipment are contractors, while real estate developers, hydropower and mining projects, government departments.

DISADVANTAGES OF NEPALESE CONSTRUCTION INDUSTRY
1) Delay in project, revise and cost overrun due to lack of supervision and coordination.

2) Outdated standard and poor technology method used for preparing and conducting all job in site.

3) Lack of developing and maintaining construction schedules and incomplete drawings and terms and condition.

4) Lack of funding directly affecting in productivity and quality of work.

5) Lack of effective communication which causes
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