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Construction site and equipment prepared for start of work in Cologne, Germany (2017) Construction is a general term meaning the art and science of forming objects, systems, or organizations. [1] It comes from the Latin word constructio (from com-"together" and struere "to pile up") and Old French construction. [2]
The study of Engineering Economics in Civil Engineering, also known generally as engineering economics, or alternatively engineering economy, is a subset of economics, more specifically, microeconomics. It is defined as a "guide for the economic selection among technically feasible alternatives for the purpose of a rational allocation of scarce ...
Union, heavy construction and highway construction laborers earn on average (2008 US) $25.47/h compared to 13.72/h for non-union laborers. [5] In addition to paid earnings, union laborers enjoy the benefits of medical insurance, vacation pay, pension plans, representation and vocational schools; totaling $45/hr (2012 US) and some with special ...
The EPC contractor coordinates all design, procurement and construction work and ensures that the whole project is completed as required and in time. They may or may not undertake actual site work. EPC companies are often used in large-scale projects, such as power plants, refineries, chemical processing facilities, infrastructure projects, and ...
Sustainable infrastructure refers to the processes of design and construction that take into consideration their environmental, economic, and social impact. [8] Included in this section are several elements of sustainable schemes, including materials, water, energy, transportation, and waste management infrastructure. [ 8 ]
Thus, construction safety is intended to ensure a safe environment for workers, who are required to be educated on safety at each site. [12] Construction workers must remain vigilant by keeping work areas clear, learning safe lifting techniques, being aware of seasonal hazards, and regularly inspecting all equipment, among other preventive ...
Public works is a multi-dimensional concept in economics and politics, touching on multiple arenas including: recreation (parks, beaches, trails), aesthetics (trees, green space), economy (goods and people movement, energy), law (police and courts), and neighborhood (community centers, social services buildings).
In macroeconomics, the secondary sector of the economy is an economic sector in the three-sector theory that describes the role of manufacturing. It encompasses industries that produce a finished, usable product or are involved in construction.