The Construction Industry as "THE MASTER BUILDER"

“To form by assembling parts” is the dictionary definition of CONSTRUCT, but the phrase is a metaphor for the construction process itself. Construction is a Goal-driven process with diverse material and group of people having diverse interest but a common goal.
The diversity is good but present the greatest challenge in the industry.  More basic to our economy and daily life.

• Designers have visions; but until contractors build, those visions are just dreams on paper.

There exists synergy between construction and technological development.

• Example: skyscraper, invention of elevator.
• Innovation of robotics and computer modelling also affected industry …. With robots directing equipment during construction.

Look at any construction company, and you will find people from a variety of backgrounds.Financial institutions, medical services, accounting firms and real estate companies easily get involved in mergers, consolidations and conglomerations.Construction projects can be awe-inspiring in their breath and complexity, from Egyptian pyramids to soaring sky skyscrapers and enormous bridges. It is a service industry. So, its success or failure depends on qualities of its people rather than on its technology or product.

Construction sector does not require a patent or large capital investment. However, the risk factor is much higher in construction. Reasons:

• a) Government funding, demographic market trends, weather conditions, etc.
• b) Unpredictable nature of work itself.
• c) Any extremes can effect productivity level, damage materials.
• d) Custom oriented … .. use mass production is difficult
• e) Each project has its own learning curve

 The construction sector is a study of contrasts.

• At one time general contractors constructed entire projects with their own work force.
• As projects became more complex and sophisticated, the industry turned to speciality trades.
• However, in other aspects of industry, the reverse is happening. Technical complexities are merging owners, contractors and designers into more collaborative units

This trend is leading construction to its roots-AS THE MASTER BUILDER