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.
In most developing and underdeveloped countries the construction industry is strongly patronized by political and government entities.
