Construction is a general term referring to the art and science of forming objects, systems, or organizations, and comes from Latin constructio (from com- “together” and struere “to pile up”) and Old French construction.
To construct is the verb: the act of building, and the noun is construction: the nature of a thing’s structure or how it is built.
In its most widely used context, construction covers the individual processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their existence.
Construction typically starts with planning, financing, and design, and continues until the asset is built and ready for use; construction also covers repairs and maintenance work, any works to expand, extend and improve the asset, and its eventual dismantling or demolition.
Construction as an industry sector accounts for more than 10% of global GDP (6-9% in developed countries) and employs around 7% of the global workforce – over 273m people.
The output of the global construction industry was worth an estimated $10.8 trillion in 2017.
In Construction you have Residential construction, Commercial construction and Industrial construction services.
Admittedly, commercial and industrial design and construction are similar and cater to organisations as opposed to individuals but a distinction can be drawn between the two on the basis of the scale of operations conducted.
Commercial construction is the business of building and leasing or selling spaces in the private sector. These spaces include but aren’t limited to offices, manufacturing plants, medical centers, and retail shopping centers. Commercial construction projects and businesses primarily vary in size and scale.
Industrial construction includes offshore construction (mainly of energy installations: oil and gas platforms, wind power), mining and quarrying, refineries, breweries, distilleries and other processing plants, power stations, steel mills, warehouses and factories.
Residential construction is the business of building and selling individual and multi-family dwellings.
The market fragments into single-unit, manufactured, duplex, quad-plex, and apartments. Manufactured housing further divides into mobile homes and pre-built houses. The business varies primarily in the size and scale of the operations. In the simplest form, a builder buys a piece of land, develops the land by clearing and grading it, and constructing roads, sidewalks, drainage, waste removal, electrical and water supplies. Then the builder offers to build either custom homes or pre-designed homes, or pre-manufactured homes, depending on the market he is attempting to serve. In certain instance the builder may build one or more homes on speculation or “spec” meaning that he builds the home without having a ready buyer on the hope that once the house is built, a buyer will appear.
Aridan Construction; stands totally on the trust placed on it by its valued clients. The company returns this trust by continuously working to provide satisfactory and affordable housing opportunities and real estate investment windows. We believe in empowering our clients to make better informed investment decisions in their bid to either create wealth or become home-owners’ through property development.
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