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Varieties of Construction Projects
Construction means "a procedure that includes the building or assembling of infrastructure." (See 1. below) However, a building Project "includes all material and work necessary for the making of a finished structure for occupancy by End Customer. This consists of site preparation, foundations, mechanical, electrical work, and then any other work required to complete the project." There are different forms of construction projects:
Residential. Residential construction projects include houses, townhouses, apartments, condominiums, cottages, single unit dwellings and subdivisions. The housing designs are often created by architects and engineers and also the construction is executed by builders who hire subcontractors for structural, electrical, mechanical and other specialty work. This type of project must conform to local building authority regulations and codes of practice. Many new builders are attracted to residential projects due to its simple entry in the housing market. This will make it an extremely competitive market with potentially high risks and also high rewards.
Building. Building construction is in all likelihood the most famous type of construction project. It does not take process of adding structure to real property. Almost all of the projects are room additions and small renovations. Most new building construction projects are construction of sheltered enclosures with walk-in access with regards to housing people, equipment, machinery or supplies. It offers installing of utilities and equipment.
Institutional and Commercial. Institutional and commercial building construction covers an excellent various project types and sizes like hospitals and clinics, schools and universities, sports facilities and stadiums, large shopping centres and retail retailers, light manufacturing plants and warehouses and skyscrapers for offices and hotels. Specialty architects and engineers tend to be hired for designing a particular sort of building. Forex trading segment has few competitors because of the expensive and greater sophistication of institutional and a commercial building when compared with residential construction projects.
Industrial. Industrial construction is simply small the main whole construction industry nevertheless it is an extremely important area of the industry. These projects are often of big, for-profit industrial corporations including manufacturing, power generation, medicine, petroleum, etc.
Specialized Industrial Construction. Such a construction project usually involves very large scale projects with a high amount of technological complexity including nuclear power plants, chemical processing plants, steel mills and oil refineries.
Highway Construction. Highway construction requires the construction, alteration, or repair of roads, highways, streets, alleys, runways, paths, parking areas, etc. It contains all incidental construction along with the highway construction project.
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