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Construction is the oldest and one of the largest industries in the world with its market size of about ten trillion. Industry as Construction is traditionally a contracting business right from the good old days, the industry comprises of a very large number of small firms. Now the construction industry is one of the largest industries in any economy. It makes a significant contribution to the national economy and provides employment to a large number of people.

Today, the construction industry is still testing new materials and new methods of building with metals and synthetic products. Lighter, stronger materials allow the construction of larger, more open structures with less support. These new products are designed to withstand natural disasters, such as earthquakes and hurricanes. Fast-track construction has been increasingly popular in the 21st century. Some estimates suggest that 40% of construction projects are now fast-track construction Fast-track construction has been increasingly popular in the 21st century. Some estimates suggest that 40% of construction projects are now fast-track construction.

Each type of construction project requires a unique team to plan, design, construct and maintain the project. In general, there are three types of construction:

  • Building construction which is the process of adding structure to real property.
  • Industrial construction processes require highly specialized expertise in planning, cost estimating, design, and construction.
  • Infrastructure Construction, also called heavy civil or heavy engineering, includes large public works, dams, bridges, highways, railways, water or wastewater and utility distribution.