Business Challenges in construction

Running Head : BUSINESS CHALLENGES IN CONSTRUCTION

Business Challenges in Construction

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There are three primary sectors recognized by the United States Bureau of Labor Statistics (BLS ) in the construction industry : construction of building contractors , heavy and civil engineering construction contractors , and specialty trade contractors ( America 's construction ' 2004 . Building contractors are involved in industrial commercial and residential buildings , while heavy and civil engineering construction contractors focus on constructing roads , highways , sewers bridges , tunnels

and other types of heavy construction projects Specialty trade contractors are involved in carpentry , plumbing electrical work , and painting ( America 's construction ' 2004

Other major participants in construction projects include engineers architects , design professionals , manufacturers , vendors , suppliers , and material men . Factors that a large construction company must rely in to stay competitive include the desire of the owner , success in completing projects , and access to capital (O 'Neal Berning , 2007

million new jobs between 2002 and 2010 ( America 's construction 2004 . The construction industry is committed to workforce development because it provides job seekers with career opportunities and growth from laborers to construction managers ( America 's construction 2004

The goal of the is to highlight the business challenges facing the construction industry in the United States . These business challenges include competition , financial management , marketing and customer demand , human resources , technological innovations , legal political and regulatory...