Īlthough the construction industry promotes economic development and brings many non-monetary benefits to many countries, it is one of the most hazardous industries.

This spending was forecast to rise to around $14.8 trillion in 2030. In 2022, expenditure on the construction industry exceeded $11 trillion a year, equivalent to about 13 percent of global GDP. Global expenditure on construction activities was about $4 trillion in 2012. The construction industry contributes significantly to many countries’ gross domestic products ( GDP). It 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 demolition, dismantling or decommissioning. In its most widely used context, construction covers the processes involved in delivering buildings, infrastructure, industrial facilities and associated activities through to the end of their life. To construct is the verb: the act of building, and the noun is construction: how something is built, the nature of its structure. Construction site and equipment prepared for start of work in Cologne, Germany (2017)Ĭonstruction is a general term meaning the art and science to form objects, systems, or organizations, and comes from Latin constructio (from com- 'together' and struere 'to pile up') and Old French construction.

Remodel 3d design software free