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Large-scale construction projects are usually placed in the market and are a good source of revenue for the construction company. The magnitude of the project, the size of the project and the reputation of the construction company often dictate the amount of market demand and the price that can be charged for these construction materials. For example, some construction companies are able to charge a premium price for large-scale projects, such as the building of government offices and commercial buildings [25].
The other segment of the construction industry is focused on the use of building materials that are not made of concrete, cinder blocks or steel, and their use is more often focused on new construction, as well as repairs and rebuilding after an earthquake or other natural disaster. Examples of such material include polymers and composites, wood, stone, tile, brick, fiberglass, and glass.
Warehouses of pre-fabricated materials are used to stock or store pre-fabricated components ready for assembly. These are usually located in the form of commercial buildings or within the premises of the construction company, which makes them well protected from the elements (weather, pests, etc.). These components are usually made from standardized components of construction materials from the same company. These components are later assembled together at a site prior to installation.
The main construction materials used by the construction industry include concrete, cinder blocks, steel frames and wood. They are normally supplied in the form of slabs, blocks, beams, posts, fences, girders and sheets, and all of these can be used as raw materials for construction projects.
However, some other segments of the construction industry do not enjoy the same level of development, including the use of pre-fabricated materials. Pre-fabricated materials can be categorized into two subgroups:
It is not uncommon for construction companies to occupy a large number of employees, from shop mechanics to a lead mechanic. The size of the team is dictated by the size of the project. For example, a major project in an urban area may require the employment of hundreds of labourers, supervisors and inspectors, all of whom may be needed for a single project.
With the expansion of building construction and urbanization, the demand for construction materials is expected to increase. In addition to houses and other types of buildings, there is a strong demand for construction materials in other industries, such as dams and bridges, highways and factories, as well as other infrastructure. The construction sector is often an important driver of economic growth and employment, with properties that are closely linked to the growth of construction materials and exports of such materials. Although not directly measured, it is estimated that the gross value-added of the construction sector accounts for about 2% of the country’s GDP and 6% of employment across the entire world. The global demand for construction materials is forecast to increase from approximately 1,077 million tons in 2010 to 1,447 million tons in 2020, with an annual compound growth rate of approximately 4% [26,27]. 827ec27edc