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Municipal Building Construction in the US
IBISWorld, Aug 2009, Pages: 43
This industry comprises establishments primarily responsible for the complete construction (i.e., new work, additions, alterations, and repairs) of institutional buildings such as schools, hospitals, churches, art galleries, and prisons. Establishments which perform construction management on institutional building projects are also included in this industry. Types of establishments include general contractors, design builders, engineer-constructors, joint-venture contractors, and turnkey contractors. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Introduction
Building on Change
As globalization increases, so do the barriers as new entrants to this industry are likely to find it difficult to establish a foothold in the market in the short term due to their lack of reputation and proven performance. With improving technology based construction techniques, the industry is heavily regulated and capital intensive; however, low volatility means you can still count on building through the times.
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