Companies of Construction Sector
Construction sector contains companies engaged in constructing, repairing and renovating buildings and engineering works, and in subdividing and developing land.
Companies of the sector may operate on their own account or under contract to other companies. They may develop complete projects or producing some parts of it. Construction companies often subcontract some or all of the work involved. They may produce new construction, or undertake repairs and renovations to the already existing ones.
Companies operating in construction sector substantially differ in the types of equipment, labour force skills, and other characteristics.
For instance, companies involved in Construction of Buildings and Heavy and Civil Engineering Construction complete projects using their own labour force, by subcontracting, usually to trade contractors or a combination of own account and subcontracting activities.
Companies of the sector are known by a variety of designations that depend on the scope of the projects they undertake, the degree of responsibility and risk that they assume, the type of structure that they produce, and whether they work on contract for an owner or on their own account.
Companies known as Specialty Trade Contractors are engaged in trade activities generally needed in the construction of buildings and structures, such as masonry, painting, installation of doors, windows, laminate flooring or electrical work.
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