How Is The Construction Industry Different From Other Industries?

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Aun Jafery Profile
Aun Jafery answered
The construction industry is far more risky and at the same time rewards are far greater than other lines of business. It is considered as a tertiary industry different from manufacturing and extraction. The construction industry requires the use of its share of professionals as well; including civil engineers, architects, draughtsmen, overseers etc. While other industries require a number of fixed assets like land, building, industrial machinery etc a construction business can theoretically run even without the need of an office. Depending on the project the required personnel and machinery can be hired, the site can be bought using borrowed capital and units can be sold off through bookings, periodic work completion contracts etc.

In most developing and underdeveloped countries the construction industry is strongly patronized by political and government entities.
Technostruct LLC Profile
Technostruct LLC , **Certified CMD-LBE of San Francisco (CMD021910059)01**, answered

TechnoStruct is an emerging name in the Design & Construction technology space, providing localized Engineering and BIM/VDC services to players across the Construction spectrum.

Karl Sagan Profile
Karl Sagan answered

Well, I think there are too many differences to list them all, but one thing that industries have in common is a problem with documents. I think that nowadays there shouldn't be such problems at all because every company can use the best construction punch list software like https://fluix.io/punch-list-workflow to improve their performance.

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